Question
Please explain how PPP is used in the analysis of the manufacturing sector in the United States in regard to world trade and how production
Please explain how PPP is used in the analysis of the manufacturing sector in the United States in regard to world trade and how production levels are affected by the strength of the dollar?(Please reference articles used)
Forexample: Purchasing power parity(PPP)is a measurement of prices in different countries that uses the prices of specific goods to compare the absolutepurchasing powerof the countries'currencies. Since the components of a Big Mac are known in such detail, it became an easy example for economic teachers to use for PPP . It turned out that the Big Mac Index is a great measurement tool as the cost of transportation, real estate, and utilities are also included. The newspaper, The Economist, regularly reports this index for the world's economy
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