Purchasing Power Parity
This is the current revision of Purchasing Power Parity as edited by RobSmith (talk | contribs) at 17:10, December 27, 2025. This URL is a permanent link to this version of this page.
Purchasing Power Parity (or PPP) refers to differences in price levels among countries, as opposed to Gross National Product, which supposedly measures total economic output.[1] For example, the Big Mac Index is said to measure the average cost in USDollars in various cities throughout the world to purchase one McDonald's Big Mac.
References
- ↑ Almond, Gabriel A. Comparative Politics Today: A World View. New York: Pearson, 2004.