What is purchasing power parity? 712 viewsJanuary 3, 2024 Question99.88K July 15, 2021 0 Comments And what do people mean when they say one currency is “stronger” than another? In: Economics 3 Answers ActiveNewestOldest Anonymous Posted July 15, 2021 0 Comments Purchasing power parity tries to better match income vs. costs. Income in one country may be 1/4 what it is in another country, but if rent, food, etc. also cost 1/4 then the purchasing parity is about even. You are viewing 1 out of 3 answers, click here to view all answers. Register or Login
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