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1h 33m
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Development Part 2
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Other criteria of national development.

Mohini Jain
Gold medalist in Economics and graduate from St. Francis. Loves to read novels.

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(3)
U
Unacademy user
thanks mam..👌👍
Interesting lesson maam. I didnt get the concept of PPP Purchasing Power Parity. How do we compare it for different countries having different value in currency?
Mohini Jain
10 months ago
Thats the entire concept of PPP bhavya... Parity= equal purchasing power is self explanatory... So PPP is used to see for 100 rupees in India how many goods you are able to purchase and for the same goods how much you have to pay in some other currency... So that's how we try to get equality..in terms of purchasing power...
decent std of living - GNI index - GNI per capita
Great quote at the end...
Mohini Jain
a year ago
agreed! :)