What is the purchasing power parity? – InterviewSolution

1.	What is the purchasing power parity?
Answer» PPP is an economic theory that estimates the amount that needs to be adjusted to the price of an item, given exchange rates of the two countries, in order for the exchange to match each currency’s purchasing power. PPP can be used to compare countries income levels and other relevant economics data concerning the cost of living, or possible rates of inflation and deflation.

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