A situation in which money buys the same amount of goods and services in different currencies is called

Question

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Purchasing power parity (PPP) is the economic theory that states that the amount of money needed to purchase the same goods and services in two different countries should be the same after adjusting for the exchange rate between the two countries. This concept is used to compare the economic productivity and standards of living between countries.

A Situation in Which Money Buys the Same Amount of Goods