Which of the following statements is/are correct about the Purchasing power parity (PPP)? 1. It is a method of calculating the correct/real value of a currency which may be different from the market exchange rate of the currency. 2. Using this method economy may be studied comparatively in a common currency. 3. For the calculation of the PPP, a comparable basket of goods and services is selected of the identical qualities and quantities. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statements is/are correct about the Purchasing power parity (PPP)? 1. It is a method of calculating the correct/real value of a currency which may be different from the market exchange rate of the currency. 2. Using this method economy may be studied compa...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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