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Purchasing Power Parity

As of 2017, I...

Question

As of 2017, India was the largest economy in terms of purchasing power parity.

A

second

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B

third

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C

fourth

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D

fifth

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Solution

The correct option is B third
Purchasing power parity allows the calculation of the exchange between two currencies that is needed to express the accurate purchasing power of two currencies. In terms of purchasing power parity, India was the third-largest economy after China and the USA as of 2017.

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