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Purchasing power parity

Purchasing power parity Definition

In economics, purchasing power parity (PPP) is a method used to calculate exchange rates between the currencies of different countries. PPP exchange rates are used in international comparisons of standard of living. They calculate the relative value of currencies based on what those currencies will buy in their nation of origin. Typically, the prices of many goods will be considered, and weighted according to their importance in the economy.







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