Purchasing power parity | Definition, Theory, Example, & Meaning
https://www.britannica.com/money/purchasing-power-parity
WEBMar 7, 2024 · PPPs can be useful for estimating a more consistent and accurate comparison between different countries’ gross domestic product (GDP), cost of living, and other quality of life measures than using the market exchange rates of currencies. PPPs are often expressed in terms of the U.S. dollar.
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