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Julie asked her assistant to determine the gross national income of three different countries by evaluating the GNI against the cost of living in the United States. What measure is Julie asking her assistant to use

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People are known for the power they have. Julie asking her assistant to use Purchasing power parity.

What is purchasing power parity?

It is referred to as PPP. It is a term that helps economists and investors to known the exchange rate that takes place between currencies for the trade to be on the same level with the purchasing power of the said countries' currencies.

Purchasing power parity (PPP) is also known as the notion that goods in one country will be on the same par in another country, only when their exchange rate is applied.

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