What is Purchasing Power Parity (PPP)?
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- Опубликовано: 17 апр 2023
- Purchasing Power Parity (PPP) is an economic theory that suggests that in the long run, exchange rates between two countries should stabilize at the rate that makes the purchasing power of each country's currency equal. In other words, the theory suggests that the exchange rate between two countries should adjust to reflect the differences in the prices of goods and services in each country.
For example, let's say that one US dollar can buy one loaf of bread in the United States and that the same dollar can buy two loaves of bread in Canada. According to PPP theory, the exchange rate between the US and Canadian dollars should be such that one US dollar can buy two Canadian dollars, so that the purchasing power of each currency is equal.
PPP is used to compare living standards and economic development among countries. It is often used to calculate GDP (gross domestic product) and to measure the relative cost of living between countries. However, there are several challenges in using PPP, including differences in the quality of goods and services, non-tradable goods, and variations in consumption patterns across countries.
🌐 Oecd.Org:
data.oecd.org/conversion/purc...
🕛TimeLine:
--------------------
00:01 - Introduction
00:19 - PPP Example
00:49 - Oecd Website
01:28 - USD/INR PPP Comparison
03:16 - End Card
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Развлечения
🌐 Oecd.Org:
data.oecd.org/conversion/purchasing-power-parities-ppp.htm
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Everything in USA is cheaper to buy in usa with their salary except medical cost, it's straight opposite to India...
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Bro ,can you share info on forex ,money conversion too...hope tat too would help
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At The same time In this concept all currencies will be pegged to usd then you can calculate the price
Tomato price in india is more than US 😂
Americala veetu Mela tank vaika mudiyathu eppadi tapla thanni varum?
But according to Indian roadways ppp means public private partnership in india
And i em in Malaysia
If that is the case, what does the 1$=82.14₹ mean??
What is the significance of that number and how is that calculated??
Why don't we use this PPP amount as the standard convention to convert money between two countries?? Why do we have to do this additional process which can also lead to misconceptions/misinterpretations as you had mentioned (your 1000$ example wherein a friend misinterprets our lifestyle based on the numbers obtained through the standard convertion)
That is currency exchange rate. Currency exchange rate which get determined in a different way due to several economic factors.
That is a separate topic altogether and need good understanding of economics/finance.
You are telling about currency conversion rate (Forex) , this is high bcos we need to pay for our imports in dollars. As long as dollar is the main currency user for an imports in any country, that country's currency against USD would be higher. USD is the world's most traded currency, still many more things are there to calc this and to avoid this, we need to do import and export in our own currency. This is one of the many ways, that we can avoid INR hike against USD 😊😊
Yeh I too have that doubt .
How we calculate that INR ₹ 23.11(ppp rate)
Ana standard of living adhigam US la
in which website we can check PPP for different countries bro ?
The same website I have listed in the description will give you all the information about all countries you can check it out. Thank you for your comments have a nice day
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100 Rs
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Then Iphone pro 14 128GB rate will be RS23110 according to PPP. But in India they are selling for 1.28L.
Import gst
Import duty iruku.. but ppp la calculate pannanum na same product should be manufactured in India by Indian company.. in that case it can be converted with ppp..
1.50000 k
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Rs.10 rupees
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