What is Purchasing Power Parity (PPP)?

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Purchasing power parity (PPP) is a theory in economics that approximates the total adjustment that must be made on the currency exchange rate between countries that allows the exchange to be equal to the purchasing power of each country’s currency.

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Asked 10/1/2012 4:19:46 PM

Updated 5/31/2016 3:49:32 PM

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Edited by yumdrea [5/31/2016 3:49:30 PM]

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