What is PPP and why is it useful? What will be an ideal ...

[karen]

What is PPP and why is it useful?
 
  What will be an ideal response?

Question 2

In 1950, Africa's population comprised about ________ of the world's total. Today it comprises about ________.
 
  A) 21; 9
  B) 10; 20
  C) 25; 3
  D) 8; 16

[marict]

Answer to Question 1

Purchasing power parity is a statistical measure based on a modification of GNI per capita; it
takes into account the strength or weakness of local currencies and thus facilitates the
comparison between two or more regions. In short, it provides a more accurate sense of the local
cost of living.

Answer to Question 2

D

[karen]

Gracias!

[nyrave]

Thanks for the timely response, appreciate it