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Multiple Choice Questions

PPP is ........

Economic and social issues (RBI) Growth and development

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PPP is

a theory that tells us that exchange rates between currencies are in equilibrium

when their purchasing power is the same in both countries.

GDP divided by exchange rate.

a measure of income inequality.

a measure of infant mortality in developing countries.

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Explanation:

All studies reported a negative relationship between income and mortality. Therefore, if the GDP per capita PPP increases by 10% in a country where the infant mortality is 50/1000 live births, the infant mortality would be expected to decrease by 10% to 45/1000 live births.

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