What is the euro-dollar exchange, purchasing power parity?
Q. We all know that the dollar is becoming surprisingly weak compared to the euro. But what is the actual euro-dollar exchange, purchasing power parity? (i.e. how much should a US worker earn, in average, to have the same life style of a European worker earning 10,000 a year?) I know that a dollar euro is traded at 1.6$. My question is different..
Asked by delnero - Tue Apr 29 08:42:01 2008 - - 2 Answers - 0 Comments
A. I think the best way to figure that out is to look at the most recent numbers for GDP per capita in PPP and then compare them with the exchange rate. After looking at the PPP for both people with euros and the dollar find the ratio and figure it out.. I'm sorry but I have to go to class or I would figure it up. Here's where you can find PPP GDP https://www.cia.gov/libra ry/publications/the-world -factbook/
Answered by nothingconstant - Tue Apr 29 09:46:59 2008
Q. We all know that the dollar is becoming surprisingly weak compared to the euro. But what is the actual euro-dollar exchange, purchasing power parity? (i.e. how much should a US worker earn, in average, to have the same life style of a European worker earning 10,000 a year?) I know that a dollar euro is traded at 1.6$. My question is different..
Asked by delnero - Tue Apr 29 08:42:01 2008 - - 2 Answers - 0 Comments
A. I think the best way to figure that out is to look at the most recent numbers for GDP per capita in PPP and then compare them with the exchange rate. After looking at the PPP for both people with euros and the dollar find the ratio and figure it out.. I'm sorry but I have to go to class or I would figure it up. Here's where you can find PPP GDP https://www.cia.gov/libra ry/publications/the-world -factbook/
Answered by nothingconstant - Tue Apr 29 09:46:59 2008
What is a Indian Rupee worth in dollar terms based on the Purchasing Power Parity Terms?
Q. What is the worth of dollar when compared to Indian Rupee. The usual practice would be currency exchange rate. However I am looking for the purchasing worth of a dollar in United States and Indian Rupee in United States. This can be also for Euro in Europe and Indian Rupee in Europe. What is 1000 Rupee worth in Europe and United States.
Asked by Rajiv Sinha - Sun Dec 13 08:52:47 2009 - - 1 Answers - 0 Comments
A. Here's the link where you can go and see the rates daily:
Answered by Mr. X - Thu Dec 17 08:48:04 2009
Q. What is the worth of dollar when compared to Indian Rupee. The usual practice would be currency exchange rate. However I am looking for the purchasing worth of a dollar in United States and Indian Rupee in United States. This can be also for Euro in Europe and Indian Rupee in Europe. What is 1000 Rupee worth in Europe and United States.
Asked by Rajiv Sinha - Sun Dec 13 08:52:47 2009 - - 1 Answers - 0 Comments
A. Here's the link where you can go and see the rates daily:
Answered by Mr. X - Thu Dec 17 08:48:04 2009
What's the difference between GDP (official exchange rate) & GDP (purchasing power parity) ?
Q. Which indicator is more reliable? And why developing counties like China & Turkey have a much bigger GDP (PPP) than GDP (official exchange rate) ?
Asked by George - Mon Jun 1 05:45:30 2009 - - 1 Answers - 0 Comments
A. Cost of living:
Answered by simplicitus - Wed Jun 3 00:48:18 2009
Q. Which indicator is more reliable? And why developing counties like China & Turkey have a much bigger GDP (PPP) than GDP (official exchange rate) ?
Asked by George - Mon Jun 1 05:45:30 2009 - - 1 Answers - 0 Comments
A. Cost of living:
Answered by simplicitus - Wed Jun 3 00:48:18 2009
what is the difference between purchasing power parity gdp and nominal gdp ?
Q. what is the difference between purchasing power parity gdp and nominal gdp ?
Asked by MUKUND - Thu Apr 8 13:27:57 2010 - - 1 Answers - 0 Comments
A. we call 'purchasing power parity gdp' real GDP in the UK. it's gdp without the effect of inflation you get with nominal GDP equation is: 1+nominal rate = (1+inflation rate)*(1+real rate) note the rates are all in decimals. Hope this helps
Answered by Ingenious - Mon Apr 12 10:23:42 2010
Q. what is the difference between purchasing power parity gdp and nominal gdp ?
Asked by MUKUND - Thu Apr 8 13:27:57 2010 - - 1 Answers - 0 Comments
A. we call 'purchasing power parity gdp' real GDP in the UK. it's gdp without the effect of inflation you get with nominal GDP equation is: 1+nominal rate = (1+inflation rate)*(1+real rate) note the rates are all in decimals. Hope this helps
Answered by Ingenious - Mon Apr 12 10:23:42 2010
IS PPP(purchasing power parity) THE SAME AS NOMINAL GDP? IS IT MORE RELEVANT?
Q. i always hear about ppp gdo or purchasing power parity. This based on a basket of goods. but it makes little sense because each country basket of goods, access, diversity, types, quality, and everything differ widely and if the basket of goods is changed, ppp changes in vaue. hence, why is PPP even mentioned since nominal tells what the exchange rate or global market value of such is.
Asked by German Sledger - Sun Aug 29 18:09:21 2010 - - 1 Answers - 0 Comments
A. purchasing power parity is actually a measure of relative worth of the value of one currency when compared to another. The reason why they use the basket of goods comparison is to give a visual concept of what the difference is. purchasing power parity actually influences nominal gdp. The country that has a higher currency value tends to import more from a country that has lower currency value. When you attempt to open free trade between the two, instead of protecting one with tariffs, all jobs production tends to flow tot he country with the lower currency value. A condition that occurred when Europeans opened free trade with America in the 1950s creating high unemployment in Europe, and again when America deregulated trade with China… [cont.]
Answered by qncyguy21 - Sun Aug 29 18:16:48 2010
Q. i always hear about ppp gdo or purchasing power parity. This based on a basket of goods. but it makes little sense because each country basket of goods, access, diversity, types, quality, and everything differ widely and if the basket of goods is changed, ppp changes in vaue. hence, why is PPP even mentioned since nominal tells what the exchange rate or global market value of such is.
Asked by German Sledger - Sun Aug 29 18:09:21 2010 - - 1 Answers - 0 Comments
A. purchasing power parity is actually a measure of relative worth of the value of one currency when compared to another. The reason why they use the basket of goods comparison is to give a visual concept of what the difference is. purchasing power parity actually influences nominal gdp. The country that has a higher currency value tends to import more from a country that has lower currency value. When you attempt to open free trade between the two, instead of protecting one with tariffs, all jobs production tends to flow tot he country with the lower currency value. A condition that occurred when Europeans opened free trade with America in the 1950s creating high unemployment in Europe, and again when America deregulated trade with China… [cont.]
Answered by qncyguy21 - Sun Aug 29 18:16:48 2010
Why doesn't purchasing power parity work in the short-term?
Q. Just curious :)
Asked by kushielsdaughter - Wed Feb 18 23:28:58 2009 - - 1 Answers - 0 Comments
A. Speculation, trade deficits, budget deficits, currency risk, and the fact that all products and services are not exportable (real estate, health care, etc) and will affect exchange rates in the short term.
Answered by Michael T - Thu Feb 19 03:25:53 2009
Q. Just curious :)
Asked by kushielsdaughter - Wed Feb 18 23:28:58 2009 - - 1 Answers - 0 Comments
A. Speculation, trade deficits, budget deficits, currency risk, and the fact that all products and services are not exportable (real estate, health care, etc) and will affect exchange rates in the short term.
Answered by Michael T - Thu Feb 19 03:25:53 2009
How does the purchasing power parity in India compare to the US (and the UK if you know)?
Q. How does the purchasing power parity in India compare to the US (and the UK if you know)?
Asked by James T - Fri Jun 15 11:51:11 2007 - - 4 Answers - 0 Comments
A. rupee is 4 times the dollar...the first answerer is close only coincidentally...those numbers are idiotic...instead of calculating the ppp of Dollar vs Rupee vs Pound , theyve calculated the ppp of US vs India vs UK...rofl
Answered by uber_scorpio - Fri Jun 15 16:07:33 2007
Q. How does the purchasing power parity in India compare to the US (and the UK if you know)?
Asked by James T - Fri Jun 15 11:51:11 2007 - - 4 Answers - 0 Comments
A. rupee is 4 times the dollar...the first answerer is close only coincidentally...those numbers are idiotic...instead of calculating the ppp of Dollar vs Rupee vs Pound , theyve calculated the ppp of US vs India vs UK...rofl
Answered by uber_scorpio - Fri Jun 15 16:07:33 2007
What does PPP(purchasing power parity) try to do?
Q. i think i know it but i wanna make sure im right i dont want anything from wikipedia. im asking 4 u people to explain it
Asked by joes - Mon Feb 18 11:35:22 2008 - - 1 Answers - 1 Comments
A. Purchasing power parity The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1920, it is based on the law of one price: the idea that, in an efficient market, identical goods must have only one price. A purchasing power parity exchange rate equalizes the purchasing power of different currencies in their home countries for a given basket of goods. It is often used to compare the standards of living between countries, rather than a per-capita gross domestic products comparison at market exchange rates. The best known and most used purchasing power parity exchange rate is the Geary-Khamis dollar, also referred to as the… [cont.]
Answered by Penny D - Mon Feb 18 11:43:00 2008
Q. i think i know it but i wanna make sure im right i dont want anything from wikipedia. im asking 4 u people to explain it
Asked by joes - Mon Feb 18 11:35:22 2008 - - 1 Answers - 1 Comments
A. Purchasing power parity The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1920, it is based on the law of one price: the idea that, in an efficient market, identical goods must have only one price. A purchasing power parity exchange rate equalizes the purchasing power of different currencies in their home countries for a given basket of goods. It is often used to compare the standards of living between countries, rather than a per-capita gross domestic products comparison at market exchange rates. The best known and most used purchasing power parity exchange rate is the Geary-Khamis dollar, also referred to as the… [cont.]
Answered by Penny D - Mon Feb 18 11:43:00 2008
Purchasing Power Parity?
Q. Which of the following are reasons that purchasing power parity is not effective? I. Countries produce different goods and services. Hence, the baskets of goods and services across two countries might differ even though the products in the baskets are the same. II. Nontraded goods and services do not equilibrate in prices between two countries. III. Products in one country might be weighted more heavily than the same products in another country.
Asked by r m - Sun Apr 6 21:20:34 2008 - - 1 Answers - 0 Comments
A. II. The more products that fall into the category of "nontradable" the higher the deviation from parity will be. The most commonly used example is a hair cut. You really can't ship a haircut overseas. You cannot sell haircuts on an international market. This is what causes the purchasing power to move away from parity...
Answered by miss_j - Sun Apr 6 21:28:06 2008
Q. Which of the following are reasons that purchasing power parity is not effective? I. Countries produce different goods and services. Hence, the baskets of goods and services across two countries might differ even though the products in the baskets are the same. II. Nontraded goods and services do not equilibrate in prices between two countries. III. Products in one country might be weighted more heavily than the same products in another country.
Asked by r m - Sun Apr 6 21:20:34 2008 - - 1 Answers - 0 Comments
A. II. The more products that fall into the category of "nontradable" the higher the deviation from parity will be. The most commonly used example is a hair cut. You really can't ship a haircut overseas. You cannot sell haircuts on an international market. This is what causes the purchasing power to move away from parity...
Answered by miss_j - Sun Apr 6 21:28:06 2008
What is Purchasing Power Parity? What does it measure?
Q. In a recent research, they say that PPP of two countries is like this: Luxembourg: 272 Turkey: 42 What is difference between these two countries? Luxembourg is 6.5 times greater than Turkey. But by what? What does PPP measure? Thanks.
Asked by destinys child - Fri Jun 27 11:20:56 2008 - - 1 Answers - 0 Comments
A. ppp is simply application of law of one pricce what it is that price rtio of goods in both countries luxemburgs currency is 6.5 times as expensive as turkey... that too depends on who believes it! i mean he exact figs..
Answered by subhrodip - Tue Jul 1 02:26:16 2008
Q. In a recent research, they say that PPP of two countries is like this: Luxembourg: 272 Turkey: 42 What is difference between these two countries? Luxembourg is 6.5 times greater than Turkey. But by what? What does PPP measure? Thanks.
Asked by destinys child - Fri Jun 27 11:20:56 2008 - - 1 Answers - 0 Comments
A. ppp is simply application of law of one pricce what it is that price rtio of goods in both countries luxemburgs currency is 6.5 times as expensive as turkey... that too depends on who believes it! i mean he exact figs..
Answered by subhrodip - Tue Jul 1 02:26:16 2008
Hey, everyone. Question about Purchasing Power Parity...?
Q. Hi Can anyone tell me what does it mean, the Exchange rate between the USA and Argentina is 4.47 and Purchasing Power Parity is 13.9. Does it mean that in Argentina you can buy 13.9 times more goods for 1$ than in the USA? Please, answer faster. Thank you.
Asked by Olzhas Z - Sun Oct 11 22:44:09 2009 - - 1 Answers - 0 Comments
A. Purchasing power parity deals with how cheap certain goods or services are in certain countries as compared to others. Exchange rate is how much lets say a dollar is worth in Argentina. If one dollar equals 4.47 Argentinian currency and lets say a haircut costs 20 dollars in the US and about 50 Argentininan currency value than the haircut in Argentina is only about 10 US dollars so its half the cost. Purchasing power parity deals with that on various goods and services. Therefore, earning in Argentina may be less than the US but your cost of living may be lower and so you could in fact be living better with lesser dollars.
Answered by Savetheworld - Mon Oct 12 01:27:26 2009
Q. Hi Can anyone tell me what does it mean, the Exchange rate between the USA and Argentina is 4.47 and Purchasing Power Parity is 13.9. Does it mean that in Argentina you can buy 13.9 times more goods for 1$ than in the USA? Please, answer faster. Thank you.
Asked by Olzhas Z - Sun Oct 11 22:44:09 2009 - - 1 Answers - 0 Comments
A. Purchasing power parity deals with how cheap certain goods or services are in certain countries as compared to others. Exchange rate is how much lets say a dollar is worth in Argentina. If one dollar equals 4.47 Argentinian currency and lets say a haircut costs 20 dollars in the US and about 50 Argentininan currency value than the haircut in Argentina is only about 10 US dollars so its half the cost. Purchasing power parity deals with that on various goods and services. Therefore, earning in Argentina may be less than the US but your cost of living may be lower and so you could in fact be living better with lesser dollars.
Answered by Savetheworld - Mon Oct 12 01:27:26 2009
purchasing power parity?
Q. Why are purchasing power parity adjustments made to international comparisons of per capita gross domestic product?
Asked by KiKi - Fri Apr 17 11:34:35 2009 - - 1 Answers - 0 Comments
Q. Why are purchasing power parity adjustments made to international comparisons of per capita gross domestic product?
Asked by KiKi - Fri Apr 17 11:34:35 2009 - - 1 Answers - 0 Comments
define purchasing power parity?
Q. define purchasing power parity and explain its relevance to the debate about whether to have a fixed or flexible exchange rate.
Asked by dmmeadors - Thu Jul 20 12:17:17 2006 - - 2 Answers - 0 Comments
A. hello my friend, According to me purchasing power is the power of a person to buy things from a seller at the price fixed by the seller.
Answered by Nirmal Jayagopalan - Thu Jul 20 12:30:38 2006
Q. define purchasing power parity and explain its relevance to the debate about whether to have a fixed or flexible exchange rate.
Asked by dmmeadors - Thu Jul 20 12:17:17 2006 - - 2 Answers - 0 Comments
A. hello my friend, According to me purchasing power is the power of a person to buy things from a seller at the price fixed by the seller.
Answered by Nirmal Jayagopalan - Thu Jul 20 12:30:38 2006
What is 'Purchasing Power Parity' ?
Q. Depending on the 'PI ( Price Index)' of the USA and India a Dollar and an INR has some purchasing power. Again for the same kind and quality of a product the price of it in the USA and India will be different and flexible. It will be independent of the FER ( Foreign Exchange Ratio ) between one Dollar and INR. Will the changing and flexible PPP ( Purchasing Power Parity ) give an index of the PI of the respective countries?
Asked by tkbasu1123 - Thu Oct 19 15:29:11 2006 - - 5 Answers - 0 Comments
A. purchasing power parity (PPP) is the method of using the long-run equilibrium exchange rate of two currencies to equalize the currencies' purchasing power. It is based on the law of one price, the idea that, in an efficient market, identical goods must have only one price.
Answered by EAA Duro - Thu Oct 19 15:30:55 2006
Q. Depending on the 'PI ( Price Index)' of the USA and India a Dollar and an INR has some purchasing power. Again for the same kind and quality of a product the price of it in the USA and India will be different and flexible. It will be independent of the FER ( Foreign Exchange Ratio ) between one Dollar and INR. Will the changing and flexible PPP ( Purchasing Power Parity ) give an index of the PI of the respective countries?
Asked by tkbasu1123 - Thu Oct 19 15:29:11 2006 - - 5 Answers - 0 Comments
A. purchasing power parity (PPP) is the method of using the long-run equilibrium exchange rate of two currencies to equalize the currencies' purchasing power. It is based on the law of one price, the idea that, in an efficient market, identical goods must have only one price.
Answered by EAA Duro - Thu Oct 19 15:30:55 2006
How is Purchasing Power Parity useful to compare relative price of same product in two countries?
Q. If one wants to compare the relative price of a particular product compared to the same product in another country, how is the Purchasing Power Parity used? For example, if I want to determine how expensive or cheaper the price of say, TV cables service in India is compared to another country, say, UK. how does one use the PPP. Obviously, the UK per capita earning is much higher in absolute terms than in India. So prices of products need to be related to the same to decide whether they are cheaper or costlier relative to the earnings. Please suggest precise method. Ref: answer by Wendy below. The website mentioned by her is in Chinese only and does not help.
Asked by aks - Fri Aug 29 02:36:07 2008 - - 1 Answers - 0 Comments
Q. If one wants to compare the relative price of a particular product compared to the same product in another country, how is the Purchasing Power Parity used? For example, if I want to determine how expensive or cheaper the price of say, TV cables service in India is compared to another country, say, UK. how does one use the PPP. Obviously, the UK per capita earning is much higher in absolute terms than in India. So prices of products need to be related to the same to decide whether they are cheaper or costlier relative to the earnings. Please suggest precise method. Ref: answer by Wendy below. The website mentioned by her is in Chinese only and does not help.
Asked by aks - Fri Aug 29 02:36:07 2008 - - 1 Answers - 0 Comments
why doesn't purchasing power parity explain all exchange rate movements?
Q. why doesn't purchasing power parity explain all exchange rate movements?
Asked by Jason W - Fri Nov 30 20:29:05 2007 - - 2 Answers - 0 Comments
A. Currency speculation.
Answered by Andrew O - Tue Dec 4 17:33:26 2007
Q. why doesn't purchasing power parity explain all exchange rate movements?
Asked by Jason W - Fri Nov 30 20:29:05 2007 - - 2 Answers - 0 Comments
A. Currency speculation.
Answered by Andrew O - Tue Dec 4 17:33:26 2007
Looking at modern Russian Economy Does Purchasing Power Parity hold either in the short run or in the long run
Q. I know this isnt a simple one word answer. How can I answer this question & what data will I need to back up my assertion. Thanks!
Asked by yeaitsmemarc - Thu Nov 30 19:49:31 2006 - - 1 Answers - 0 Comments
A. No, the purchasing power parity does not hold. To see that it is the case, just compare oil prices and domestic gasoline prices. Or export and domestic prices of natural gas, for that matter...
Answered by NC - Thu Nov 30 23:00:59 2006
Q. I know this isnt a simple one word answer. How can I answer this question & what data will I need to back up my assertion. Thanks!
Asked by yeaitsmemarc - Thu Nov 30 19:49:31 2006 - - 1 Answers - 0 Comments
A. No, the purchasing power parity does not hold. To see that it is the case, just compare oil prices and domestic gasoline prices. Or export and domestic prices of natural gas, for that matter...
Answered by NC - Thu Nov 30 23:00:59 2006
Does Purchasing power parity mean - identical goods, identical price?
Q. Is it a real indication of a country's growth? Thanks in advance.
Asked by victor - Sun Apr 22 13:51:06 2007 - - 2 Answers - 0 Comments
A. Purchasing Power Parity (PPP) usually refers to the notion that, at equilibrium, the ratio of the prices of a good sold in two countries should match the exchange rate between the two currencies. For instance, if something costs $2.00 in the United States and 240 yen in Japan then the exchange rate should be 120 yen per US Dollar.It doesn't fit the data very well, although a milder version sometimes works a little better, that is, if US prices rise by 3 percent and Mexican prices rise by 5 percent, then the exchange rate should change by 2 percent. A more practical version is the Big Mac Index, which is a rough way to judge an exchange rate while traveling. Since the golden arches are everywhere, just translate the local price of the Big… [cont.]
Answered by onceuponatime - Sun Apr 22 15:51:52 2007
Q. Is it a real indication of a country's growth? Thanks in advance.
Asked by victor - Sun Apr 22 13:51:06 2007 - - 2 Answers - 0 Comments
A. Purchasing Power Parity (PPP) usually refers to the notion that, at equilibrium, the ratio of the prices of a good sold in two countries should match the exchange rate between the two currencies. For instance, if something costs $2.00 in the United States and 240 yen in Japan then the exchange rate should be 120 yen per US Dollar.It doesn't fit the data very well, although a milder version sometimes works a little better, that is, if US prices rise by 3 percent and Mexican prices rise by 5 percent, then the exchange rate should change by 2 percent. A more practical version is the Big Mac Index, which is a rough way to judge an exchange rate while traveling. Since the golden arches are everywhere, just translate the local price of the Big… [cont.]
Answered by onceuponatime - Sun Apr 22 15:51:52 2007
economic logic behind the theory of purchasing-power parity.?
Q. economic logic behind the theory of purchasing-power parity.?
Asked by habib i - Mon May 25 05:53:47 2009 - - 1 Answers - 0 Comments
A. Purchasing Power Parity (PPP) is about goods having more or less the same price in different countries. For example is one pound equals 2 dollars... it means that a if a good costs 1 pound in UK, it will cost exactly 2 dollars in US!
Answered by madzguy007 - Mon May 25 11:11:17 2009
Q. economic logic behind the theory of purchasing-power parity.?
Asked by habib i - Mon May 25 05:53:47 2009 - - 1 Answers - 0 Comments
A. Purchasing Power Parity (PPP) is about goods having more or less the same price in different countries. For example is one pound equals 2 dollars... it means that a if a good costs 1 pound in UK, it will cost exactly 2 dollars in US!
Answered by madzguy007 - Mon May 25 11:11:17 2009
what is purchasing power parity. please explain in layman?
Q. what is purchasing power parity. please explain in layman?
Asked by henry t - Sun May 14 04:18:49 2006 - - 3 Answers - 0 Comments
A. purchasing power parity is the other term for per capita national income, which means the capacity of the population to individually, spend... in a macroeconomic business cycle, enhanced spending increases the volume of business cycles... am not very sure of the definition.. i have told you what i know.. pls refer the next answer...
Answered by jal - Sun May 14 04:28:39 2006
Q. what is purchasing power parity. please explain in layman?
Asked by henry t - Sun May 14 04:18:49 2006 - - 3 Answers - 0 Comments
A. purchasing power parity is the other term for per capita national income, which means the capacity of the population to individually, spend... in a macroeconomic business cycle, enhanced spending increases the volume of business cycles... am not very sure of the definition.. i have told you what i know.. pls refer the next answer...
Answered by jal - Sun May 14 04:28:39 2006
From Yahoo Answer Search: 'Purchasing Power Parity'
Mon Sep 6 09:21:06 2010 [ refresh local cache ]
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turkishweekly.net
Wed, 30 Jun 2010 19:22:26 GMT+00:00
Journal of Turkish Weekly Per capita income of developing countries measured in terms of purchasing power parity (PPP) has more than quadrupled over the past half-century. ...
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You will notice South Africa had been allocated a hefty PPP which is 3 8 times its normal per capita GNP Benin got a PPP that is 2 7 times its normal per capita Gross National GNP
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Wed, 03 Feb 2010 01:01:22 PST
15: purchasing power parity- economic theories and modelscheck out the entire free forex course (in process): www.FreeForexAcademy.com The Free ... youtube.com.
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Sun, 25 Jul 2010 11:19:29 GM
Purchasing Power Parity. , or PPP, is a currency conversion measure that uses a common currency and equalize the purchasing power of different currencies. In other words, the PPP eliminates the differences in price levels between ...
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