Purchasing power based exchange rate is a more useful measure than market exchange rate to compare Gross Domestic Product (GDP) across countries.
Question
Solution 1
This statement suggests that Purchasing Power Parity (PPP) is a more useful measure than market exchange rates when comparing Gross Domestic Product (GDP) across countries. Here's why:
- Understanding Market Exchange Rates: Market exchange rates are determined by the supply and demand of different Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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