To answer the questions, one must compare the value of the output from different countries ... end of the period or an average over the period). The other uses the purchasing power parity (PPP) ...
Advjiev, Stefan, Wenxin Du, Catherine Koch, and Hyun Song Shin. "The Dollar, Bank Leverage and Deviations from Covered Interest Parity." American Economic Review: Insights 1, no. 2 (September 2019): ...
Because the purchasing power of the dollar decreased over ... assuming purchasing power parity. A purchasing power index is a tool that assigns a value to each country based on the purchasing ...
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