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0:59
ABC of PPP 😌 The Purchasing Power Parity indicator can be used to compare economies regarding their GDP, labour productivity and actual individual consumption, and in some
Labour Law Advisor. Labour Law Advisor · Original audio. ABC of PPP 😌 The Purchasing Power Parity indicator can be used to compare economies regarding their GDP, labour productivity and actual individual consumption, and in some cases to analyse price convergence and to compare the cost of living between places. It is based on the law of ...
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Purchasing Power Parity - How it is calculated?🤔💭 PPP rates aim to equalize currency purchasing power by considering price level differences between countries. It’s like a global price comparison tool! 🌍💰 ⚖️ For simplicity, let’s use a PPP rate of 24 (to be precise - 23.41). Example: Compare two salaries - 75,00,000 INR in the USA and 25,00,000 INR in India, based on PPP. 🇺🇸💵 According to the 2023 World Bank PPP report, $1 in the USA ≈ 24 INR in India. 💡 Applying PPP: Divide the US salar
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