What is the meaning of Purchasing Power Parity?

Related questions

1. What is PPP example?
2. How is PPP calculated?
3. What is GDP PPP and nominal?
4. What is the purpose of purchasing power parity?
5. What does a low PPP mean?
6. Is real GDP the same as PPP?
7. What is PPP formula?
8. What does a high GDP PPP mean?
9. How is PPP useful?
10. How is purchasing power parity used?

Tags

1. #parity
2. #distort
3. #countries
4. #measuring
5. #irrelevant
6. #variations
7. #economic
8. #power
9. #comparisons
10. #different
11. #variables
12. #exchange
13. #purchasing