Advertisements
Advertisements
Question
Assertion (A): Purchasing power increases, price decreases, and vice versa.
Reason (R): The production of goods decline, the price of goods increases and then the purchasing power is affected.
Options
A is correct, R is false
Both A and R are false statements
A is correct but R is not a correct explanation
A is correct, R is the correct explanation of A
Solution
A is correct, R is the correct explanation of A
APPEARS IN
RELATED QUESTIONS
What are the factors affecting the purchasing power and explain them.
Govt, of India, is implementing many policies and programmes to eradicate ______.
Write a note on SMART family cards.
In general, purchasing power is affected by ______.
______ is the largest economy in terms of PPP – GDP in 2019.
Choose the correct statement
- India has reduced the poverty rate drastically from 55% to 28 % in the past 10 years.
- The multidimensional poverty index reveals who is poor, how they are poor, and the disadvantages they experience.
- A substantial number of Indian women and children are underweight, anemic, and deficient in micro-nutrient.
- Though India has achieved self–sufficiency in food production, yet to attain food security to all.
What is the purchasing power parity?
What is PPP?
What are the uses of PPP?
