Question #49455

PPP is ?

Options:

A) a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries

B) GDP divided by exchange rate

C) a measure of income inequality

D) a measure of infant mortality in developing countries

Answer: PPP is a theory that tells us that exchanged rates between currencies are in equilibrium when their purchasing power is the same in both countries.

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Question #49455

PPP is ?

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