state gov TSPSC Group 2 (తెలంగాణ గ్రూప్ 2) Mock Test Series General Knowledge Economy National Income Accounting
Consider the following statements with respect to Purchasing power parity (PPP):
1. It is a method of calculating the real value of a currency that may be different from the market exchange rate of the currency.
2. Using this method economies may be studied comparatively in a common currency.
3. China is currently the largest economy in the world followed by the USA and India in terms of Gross domestic product(GDP) calculated in PPP
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3