What is the difference between Relative and Absolute PPP?
Absolute PPP is derived from law of One Price (LOOP) which says, relative price of a good must be the same across all... View the full answer
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Absolute PPP Absolute purchasing power parity is the kind discussed in A Beginner's Guide to Purchasing Power Parity Theory... View the full answer
Absolute Purchasing Power Parity specifically implies that "a bundle of goods should cost the same in Canada and the... View the full answer