Economics A-Level
Purchasing power parity (PPP) exchange rates
What Purchasing power parity (PPP) exchange rates means in Economics A-Level, as defined for AQA.
Definition of Purchasing power parity (PPP) exchange rates
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Reference: AQA
Exchange rates that adjust for differences in the cost of living by equalising the purchasing power of different currencies.
Topics that use Purchasing power parity (PPP) exchange rates
- Uses of national income data (AQA A-Level)
Related terms
- Income distribution
- International comparisons
- Living standards
- Negative externalities
- Purchasing Power Parity
- Real GDP per capita
- Informal economy
- Market exchange rates
Using Purchasing power parity (PPP) exchange rates in the exam
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