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- Purchasing power parity
Economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power
Purchasing power parity (PPP) is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the market exchange ra... Wikipedia
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