Purchasing power parity is a way to measure:

Question

Quizplus · Accepted Answer

Purchasing Power Parity (PPP) is a theory that compares the cost of goods and services across different countries based on their respective currencies. It helps to identify the relative value of currencies, and hence the buying power of income across countries. Therefore, option B is the best choice that explains the concept of PPP accurately. Options A, C, D, and E are incorrect as they do not relate to the concept of PPP.

Purchasing Power Parity Is a Way to Measure