Purchasing power parity (PPP) is a measure that takes into account different costs of living in different countries.

Name: Purchasing power parity (PPP) is a measure that takes into account different costs of living in different countries.
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Purchasing power parity (PPP) is an economic theory that compares different countries' currencies through a "basket of goods" approach, adjusting for differences in cost of living and inflation rates, to assess an economy's purchasing power.

Purchasing Power Parity (PPP) Is a Measure That Takes into Account