What is Purchasing Power Parity (PPP)? A Better Way to Compare Economies
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What is Purchasing Power Parity (PPP)? A Better Way to Compare Economies
Purchasing Power Parity (PPP) is an economic theory and method that compares the relative value of currencies based on the cost of a standard set of goods and services in different countries. It helps to determine the exchange rate between two currencies that would make the cost of goods the same in both countries. PPP is important because it ...
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