_____ purchasing power parity states that a bundle of tradable products will have the same cost in different countries if the cost is stated in the same currency.
A)Full
B)Partial
C)Relative
D)Absolute

Question

Quizplus · Accepted Answer

Absolute purchasing power parity (PPP) states that a bundle of tradable products will have the same cost in different countries if the cost is stated in the same currency. This concept is based on the idea that exchange rates should adjust to equalize the prices of identical goods in different countries, and is often used as a benchmark to compare the value of currencies.

_____ Purchasing Power Parity States That a Bundle of Tradable