Purchasing Power Parity

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June 4, 2017 at 3:24 pm #390208
rustamrakhmatov27
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Exchange rates reflecting the different cost of living between two countries is stated by the theory of purchasing power parity.

Cost of living is How much the main products (bread, milk etc.) can be bought for?

P.S Sorry for overwhelming you with my questions sir.

Thanks a lot. God bless you.
June 4, 2017 at 4:19 pm #390245
John Moffat
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Yes – that is correct 🙂
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