Purchasing power parity (PPP) is an economic concept that compares the relative value of currencies by examining the cost of ...

I was talking/discussing about that Norwegian nutcase on Fark, and the concept of wealth came up. A Norwegian said that Norway had the second highest GDP in the world (which is correct), and then ...

Ever wonder why a McDonald’s burger costs much more in the US than in India? Of course, because people earn higher incomes on average in the US. But the technical term for this is purchasing power ...