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Edexcel A-Level Economics AS 2.3.1 1e Concept of Purchasing Power Parities Ppps in Making International Comparisons of Real Questions

Practise Edexcel IAL Economics 2.3.1.1e by explaining how purchasing power parity compares the prices of comparable goods and services across countries.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • explain that PPP compares the price of a basket of comparable goods and services across countries

Edexcel A-Level Economics AS 2.3.1 1e Concept of Purchasing Power Parities Ppps in Making International Comparisons of Real Questions question 1

[Maximum number: 1]

The World Bank calculates a 'Purchasing Power Parity (PPP)-adjusted level of GDP' for different countries.

Which one of the following is compared when calculating PPP?

A

The price of a basket of comparable goods and services in different countries

B

Real incomes, national happiness and wellbeing in different countries

C

The external value of one currency in terms of the US dollar

D

Inflation rates in different countries over a given time period

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