What is the purpose of purchasing power parity?

Related questions

1. How is PPP calculated?
2. How do you use the PPP conversion factor?
3. How do you calculate GDP at PPP?
4. What is a PPP dollar?
5. What is the difference between GDP and GDP PPP?
6. Is real GDP the same as PPP?
7. What is PPP formula?
8. Why does PPP not hold in the short run?
9. What does a high GDP PPP mean?
10. How is PPP useful?

Tags

1. #parity
2. #could
3. #foreign
4. #currencies
5. #economic
6. #neoclassical
7. #market
8. #theory
9. #purchasing
10. #observed
11. #comparisons
12. #between
13. #goods
14. #amount
15. #either
16. #actually
17. #assumes
18. #exchange
19. #power
20. #purchased
21. #currency