Question

Purchasing power parity is used to compare the gross domestic product between
A. businesses.
B.consumers.
C.stock markets.
D.countries.

Answer 1

The Answer is:-

D) Countries

Hope it'll Help You....

Answer 2

The purchasing power parity is used to compare Gross Domestic Product between "countries". In order to measure the total purchasing capacity of nation, in comparison to the others, there is a need of converting all nations currency into a common unit, which helps in assessing the global rank of the countries, according to there purchasing power based on GDP.

There is also another way of analyzing on a common platform, known as PPP (Purchasing Power Parity).