Purchasing power parity (PPP) is the rate of currency conversion that equalizes the purchasing power of different currencies, by eliminating the differences in price levels between countries.
Questions tagged [purchasing-power-partity]
54 questions
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Is wealth created when money is transferred from a wealthy country to a less wealthy country?
Imagine a person based in India is working for a client in the USA. The client pays the person 100 USD. The currency is converted into INR, which turns out to be 100 * 74 = 7400 INR.
But if we convert the currency according to Purchasing Power…
Snehanshu Phukon
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How are purchasing power parity (PPP) conversions computed?
How are purchasing power parity (PPP) conversions computed?
I guess that goods' and services' prices are compared across different countries/currencies. However, there are services such as healthcare or university education that some countries (e.g,…
drake
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What is the best way to compare the price of a GB of internet across countries
I have the average price of a GB of data / internet across 45 different countries. I want to be able to compare the price of using data on the people in that country.
Let's say 1 GB of data costs 1.37 USD in the USA and the equivalent of 1.1 USD …
BKS
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Is there any up-to-date list of hours of work needed to buy a Big Mac?
Is there any up-to-date list of hours of work needed to buy a Big Mac?
I have found only up to 2018.
user366312
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Do polish people have more purchasing power than that of the Irish?
The following table was taken from data.oecd.org:
This link gives the Big Mac index.
Big Mac Index of Ireland = 4.61
Big Mac Index of Poland = 2.65
Does this mean that Polish people in Poland have more purchasing power than Irish people in…
user366312
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How to address PPP when doing price comparison across countries?
I'm measuring some very specific items (across 5 countries) using my country's currency as the base. My questions are:
How should I address PPP in this case? (Is it just like the example in Table 1 here?)
What are the limitations if I decided to…
Karie
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What exactly is purchasing power parity (PPP)?
I have some questions regarding what exactly PPP is. In my understanding, PPP is essentially the value that a currency can purchase within an area. For example, although the USA might have more money in the international area, the total amount of…
physics
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Price level and purchasing power of currency(PPP)
This could be a silly question, but I'm a bit confused with this concept.
Don't we say usually the purchasing power(or value) of currency(or money) is low when the price level is high in one country(i.e. negative relationship)?
However, in…
modernyoon
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How to read PPP$ aloud?
How to read PPP$ aloud?
That is in a paper that I should read loud in a presentation, but I don't know the most
Is it "purchasing power parity in US Dollar,"
or "purchasing power parity in terms of US Dollar,"
or ... ?
Sasan
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