Define price relative Quantity
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a price is the ratio of the price of a specific project in one period to the price of the same product in some other period in purchasing power parity comparisons of price relative refers to the ratios of the same product in two countries
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DEFINITION:a price relative is the ratio of the price of a specific product in one period to the price of the same
Product in some other period. In purchasing power parity (ppp) comparisons a price relative refers to the ratios of the same product in two countries.
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