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What is "Purchasing Power Parity (PPP)" ? #moneywiseminutiae

YouTubeMoneyWiseMinutiae

What is "Purchasing Power Parity (PPP)" ? #moneywiseminutiae

"Purchasing Power Parity (PPP)" is an economic theory that suggests identical goods should have the same price in different countries when expressed in a common currency. There are two main versions: Absolute PPP and Relative PPP. Absolute PPP asserts that exchange rates should equalize the absolute price levels of goods, while Relative PPP ...

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