Economics

Study Notes

GDP and Purchasing Power Parity (PPP)

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

GDP for different countries is usually measured in a common currency – normally we use the US dollar. But there are two problems in using market exchange rates to measure GDP

Ranking of the 20 countries with the largest gross domestic product (GDP) at purchasing power parity in 2017 (in billion U.S. dollars)

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