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The Eurostat statistical agency states that in 2020a typical basket of goods worth euros 100 in the UK (calculated using the market or nominal exchange
The Eurostat statistical agency states that in 2020a typical basket of goods worth euros 100 in the UK (calculated using the market or nominal exchange rate) would cost euros 110in the Republic of Ireland.What does this tell you about how far absolute PPP appliedbetween the UK and the Republic of Ireland?
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