What Does the Term Purchasing Power Parity (PPP) Mean

question 40

Multiple Choice

What does the term purchasing power parity (PPP) mean?

• A) median income of a location or region for a time period
• B) inflation rate of a country or region for a time point
• C) equivalence of currency required to buy a common set of goods
• D) conversion multiplier required to purchase a currency

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Definitions:

Complimentary

Expressing a polite or flattering comment towards someone or something, or items given for free in connection with a purchase or promotional activity.

Product

A tangible good or intangible service that is offered to the market for acquisition, attention, use, or consumption and that might satisfy a want or need.

Question Approach

A sales technique involving the use of strategic questions to engage a potential client and uncover their needs or objections.