How does purchasing power parity (PPP) adjust Gross National Income per capita?
◦ PPP takes into account the age and productivity of the local populations.
◦ PPP takes into account the rise and fall of the Dow Jones Industrial Average.
◦ PPP takes into account the 2008-2009 economic decline in the United States.
◦ PPP takes into account the strength or weakness of local currencies.
◦ It is a composite indicator that takes into account all of these features.