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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 21
In many poor countries even middle-class families may have full-time servants, a luxury reserved for only the very wealthiest households in rich countries like the United States. How does the existence of low-cost domestic help affect PPP-adjusted GDP statistics in poor countries?
Explanation
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Purchasing Power parity
The purchasing ...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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