Purchasing Power

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Nominal exchange rate

  • India - 1$ = Rs.75 (Based on demand and supply of Market).
Purchasing Power parity Exchange Rate
  • India, using Rs. 75 to buy 3 Gooday biscuit (Rs.25/each).
  • USA, Need 9$ to Buy 3 Gooday biscuit (3$/each).
      • 9$ = Rs. 75.
  • India 3rd Place in purchasing power parity.



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