What products are included in the basket of goods and services used for the calculation of PPPs?
The basket of goods and services priced for the PPP exercise is a sample of all goods and services covered by GDP. It includes consumer goods and services, government services, equipment goods and construction projects. More specifically, consumer items include food, beverages, tobacco, clothing, footwear, rents, water supply, gas, electricity, medical goods and services, furniture and furnishings, household appliances, personal transport equipment, fuel, transport services, recreational equipment, recreational and cultural services, telephone services, education services, goods and services for personal care and household operation, repair and maintenance services.
Related Questions
- How will the ARRA funds be included in the calculation for proportionate share of IDEA funds for services to parentally-placed private school children?
- What products are included in the basket of goods and services used for the calculation of PPPs?
- How many products are included in the basket of goods and services used for the PPP calculation?