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Purchasing Power

Which of the ...

Question

Which of the following countries is the largest in terms of gross domestic product and purchasing power parity in 2019?

A

China

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B

USA

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C

Germany

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D

Japan

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Solution

The correct option is A China

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Q. In general, purchasing power parity is a comparison between the purchasing power of a domestic currency with which of the following currencies?

Q. As per the data of 2017, which of the following two countries were ahead of India in terms of purchasing power parity?

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

Q.
Consider the following statements
1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
2. In terms of PPP dollars, India is the sixth-largest economy in the world.
Which of the statements given above is / are correct?

IMF ranks countries based on purchasing power parity and what is the rank of India according to it _________.

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