Video Assignment Purchasing Power Parity (PPP) To read more about PPP click on:
ID: 1096227 • Letter: V
Question
Video Assignment Purchasing Power Parity (PPP)
To read more about PPP click on:
PPP McDonald's
China could pass US as top economy this year.
Title: Commanding Heights: The New Rules
of the Game. Chapter 8
Publisher: PBS
Authors: Yergin & Stanislaw
Commanding Heights' Videos
1. What is Purchasing Power Parity? Under what conditions does PPP exist?
2. Explain how technology has helped or hindered purchasing power parity.
InstructionsVideo Assignment Purchasing Power Parity (PPP)
To read more about PPP click on:
PPP McDonald's
China could pass US as top economy this year.
Title: Commanding Heights: The New Rules
of the Game. Chapter 8
Publisher: PBS
Authors: Yergin & Stanislaw
Commanding Heights' Videos
1. What is Purchasing Power Parity? Under what conditions does PPP exist?
2. Explain how technology has helped or hindered purchasing power parity.
Explanation / Answer
purchasing power parity tates that the exange rate between currencies of two countires should be eaual to the ratio of the countires' prices levels. the moto is that "one price is applied internationally to a standard commodity basket".
as per this theory, there should not be any price discremenations between any two currencies of two countries.
2. Majority of the products and services are available at their lower costs, the reason is that quality and cheif technology availablility to the producers.
even people also comparing the prices at two markets and they are going to be choose a product which is availability at lesser cost.
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