Question what explains the fact that japans purchasing, Ask an Expert

Economics

Question: What explains the fact that Japan's purchasing power parity (PPP) level of GNI per capita is so much lower than its GNI per capita calculated at the official exchange rate (Table)? What does that difference indicate about the prices of non-traded goods in Japan relative to US prices?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92293412

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