Question

Which of the following measures allows us to compare the value of goods and services in different countries through a standardised basket of goods?

• A. Gross Domestic Product
• B. Gross National Product
• C. Unemployment rate
• D. Purchasing power parity

Answer 1

The correct option is D Purchasing power parity

Purchasing power parity is a measure used to compare the value of goods and services in different countries through a standardised basket of goods. The PPP indicates how much goods can be bought from the basket of goods using the currency of a particular country.