Economics explained in TAMIL| PURCHASING POWER PARITY(PPP) |UPSC & TNPSC| வாங்கும் திறன் சமநிலை
PPP is an economic theory that compares currencies of different countries through a "basket of goods" method.
According to this concept, two currencies are in equilibrium-when a basket of goods is priced the same in both countries, taking into account the exchange rates. When calculated in PPP terms, India's GDP is much higher when compared with Nominal GDP.
Негізгі бет Economics explained in TAMIL| PURCHASING POWER PARITY(PPP) |UPSC & TNPSC
Пікірлер: 57