The concept of 'Purchasing Power Parity' helps in:
A. Determining only nominal exchange rates
B. Measuring only unemployment
C. Comparing real income and living standards across countries
D. Calculating domestic fiscal deficit
Answer: Option C
Solution (By JKSSB Mock Tests)
PPP-based comparisons adjust for differences in price levels across countries, providing a better measure of real income and relative living standards.
Explanation:
The platform economy consists of digital multi-sided platforms that facilitate interactions and transactions between different groups of users (e.g., buyers and sellers, drivers and riders) and typically display network externalities.
No comments yet. Be the first to start the discussion!