Difference between revisions of "Purchasing Power Parity"
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| − | '''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.<ref>Almond, Gabriel A. ''Comparative Politics Today: A World View''. New York: Pearson, 2004.</ref> | + | '''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.<ref>Almond, Gabriel A. ''Comparative Politics Today: A World View''. New York: Pearson, 2004.</ref> For example, the Big Mac Index is said to measure the amount of time in [[labor]] in various cities throughout the world to purchase one [[MacDonald's]] Big Mac. |
==References== | ==References== | ||
Revision as of 17:07, December 27, 2025
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 amount of time in labor in various cities throughout the world to purchase one MacDonald's Big Mac.
References
- ↑ Almond, Gabriel A. Comparative Politics Today: A World View. New York: Pearson, 2004.