Question

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

• A. second
• B. third
• C. fourth
• D. fifth

Answer 1

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.