Purchasing power parity (PPP)is especially insightful because it takes into account which of the following?
A)The different costs of goods in different countries
B)The percentage of a society living under conditions of poverty
C)The absolute costs of living in any one country
D)A relatively simple calculation of the cost of living

Question

Quizplus · Accepted Answer

Purchasing power parity (PPP) compares the relative price levels of a basket of goods and services between two countries, effectively taking into account the different costs of goods in different countries to determine the relative value of currencies.

Purchasing Power Parity (PPP)is Especially Insightful Because It Takes into Account