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What Is "Purchasing Power Parity"(PPP)

Question 3

Multiple Choice

What is "purchasing power parity"(PPP) ?


A) how much it costs to buy one thing rather than another
B) how much a common "market basket" of goods costs to purchase locally
C) the difference between the price of something in one currency versus another
D) the price of something at one point in time compared to another

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