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4.3.1 Measures of development

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Question 5

Explain one reason why comparing the Gross National Income (GNI) per capita of an emerging economy, such as India, with a developed economy using market exchange rates rather than Purchasing Power Parity (PPP) exchange rates is likely to underestimate the living standards in the emerging economy.

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4.3.1 Measures of development Questions

  1. A Level
  2. /Economics
  3. /4.3.1 Measures of development