What is it used for ? - Deepstash
What is it used for ?

What is it used for ?

PPP as a theoretical exchange rate allows you to buy the same amount of goods and services in every country.

Eg: If you want to live inexpensively and you can move to any country in the world, compare the prices of McDonald's Big Mac.

Government agencies use it to compare the output of countries that use different exchange rates.

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yugjain

Generalist. Great minds discuss ideas, average minds discuss events, small minds discuss people.

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