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Something is cheap or expensive in each country based on what % of the salary of a person living in those countries a good or service costs. Converting to USD a
by goshx 6y ago
Something is cheap or expensive in each country based on what % of the salary of a person living in those countries a good or service costs. Converting to USD and assuming that it looks cheap to an american is silly.
- smabie 6y agoSure, that's a fair point, but that has nothing to do with PPP. PPP is about exchange rates, not about goods.