In your own words, contrast the absolute and relative versions of P...

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In your own words, contrast the absolute and relative versions of PPP.

Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

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Absolute purchasing power parity (PPP) is based on the concept of law of one price, as per which the price of a given good should be...

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