Economics A-Level
PPP (Purchasing Power Parity)
What PPP (Purchasing Power Parity) means in Economics A-Level, as defined for Pearson Edexcel.
Definition of PPP (Purchasing Power Parity)
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Reference: Pearson Edexcel
An exchange rate adjustment that equalizes the purchasing power of different currencies by eliminating price level differences between countries.
Topics that use PPP (Purchasing Power Parity)
- National income (Pearson Edexcel A-Level)
Related terms
Using PPP (Purchasing Power Parity) in the exam
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