Determine which direction the ppc will shift as a result of these major events. (hint there are only 2 shifts left (drop) and right (in- 1.) educated and skilled workers begin migrating to other countries on a large scale. 2.) a epidemic wipes out one-third of the country's population. 3.) private businesses come together to sponsor college education for low-income students. 4.) the government builds an extensive network of highways to facilitate cargo transportation.

PPC stands for Purchasing Power Parity, which is a manner of determining exchange rates between two countries, by establishing a ratio between the purchasing powers of the two currencies. Purchasing power is referred to the amount of goods and services that can be purchased with a certain quantity of a specific currency.

In the end,PPC determines the amount that consumers in a certain economy can buy considering their income, which is valued in the national currency. PPC increases when people are able to buy more goods with the same amount of a currency than before, hence, when the exchange rate of that currency in relation to other currency increases.

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