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4.3.1 Measures of development

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Question 1

Explain one reason why comparing Gross Domestic Product (GDP) per capita using market exchange rates rather than Purchasing Power Parity (PPP) exchange rates is likely to underestimate the true standard of living in emerging economies.

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4.3.1 Measures of development Questions

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