Author Question: What is PPP and why is it useful? What will be an ideal ... (Read 73 times)

karen · **on:** Jul 14, 2018

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 · **Reply #1 on:** Jul 14, 2018

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