Purchasing Power Parity
From Conservapedia
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.
