Question

Why do economist adjust international statistics based on purchasing power?

Answer 1

It can actually be mentioned that the current state of an economy and condition depends on thepurchasing power because of purchasing power can actually determine the standard of living in a particular country and determines how valid the income of an individual in a particular Nation on the whole and for instance the amount of income in Sweden and India if same in India you will be considered as rich and in Sweden you can be considered as poor that is the reason why an economist usually adjust international statistics based on the purchasing power on the whole.