Reply with at least 150 words in text citation and reference The parity of purchasing power (PPP) is the concept that will focus on the supposed exchange rate in such a way that it is necessary to pre

Reply with at least 150 words in text citation and reference

The parity of purchasing power (PPP) is the concept that will focus on the supposed exchange rate in such a way that it is necessary to preserve one price law. The average exchange rate between the two countries will be a fair one if the purchasing power parity holds a stronger value equal to that of the other nations. Let’s take the Big Mac index from the US and Brazilian info. 4.33, which is per 1 US dollar, is focused on local currency rates for US Big Macs. Although the Brazil-based value is 10.08, based on Brazil’s local currency, it is 3 times higher than the US dollar-based value of 1 US dollar. We may also presume that between different countries, the Big Mac index varies. In contrast to both countries, the US and Brazil, purchasing power’s parity determines the potential standard of living, which could mean that the potential standard of living in the US is comparatively better than in Brazil. In Brazil, the potential income level is higher, with the abundance of skilled labor, and their minimum wage rate is increased to 1039 reais or 258 dollars. That is more effective in terms of the possible wage level parity.

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10