In 2020, India's purchasing power parity was 22 national currency units (rupees) per US dollar. 

Source: OECD 

What does this mean? 

A. Goods that can be bought for 1 dollar in the US would require 22 rupees in India. 

B. Goods in India that can be bought for 1 dollar would require 22 dollars in the US. 

C. Goods that can be bought for 1 dollar in the US would require 22 dollars in India.

D. Goods in India that can be bought for 1 rupee would require 22 dollars in the US.

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1 Answers

A. Goods that can be bought for 1 dollar in the US would require 22 rupees in India

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