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AP Human Geography
Unit 7 – Industrial and Economic Development
Topic 7.3
In relation to economic development measurement, what does Purchasing Power Parity (PPP) refer to?
An adjustment made to take into account differences in cost of living across countries.
Total money spent by residents on goods and services within a year.
Value comparison between two currencies based on their exchange rate.
Average wage earned by individuals within a specific occupation sector across different nations.
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AP Human Geography - 7.3 Measures of Development
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Economic Development Measurement
Purchasing Power Parity (PPP)
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Cram Mode
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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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