Generally speaking, the theory of absolute purchasing power parity works better for single goods than for a market basket of goods.

Name: Generally speaking, the theory of absolute purchasing power parity works better for single goods than for a market basket of goods.
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The theory of absolute purchasing power parity is more applicable to a market basket of goods, as it compares the overall price levels between two countries rather than individual goods.

Generally Speaking, the Theory of Absolute Purchasing Power Parity Works