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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?
Average wage earned by individuals within a specific occupation sector across different nations.
Value comparison between two currencies based on their exchange rate.
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.
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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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© 2024 Fiveable Inc. All rights reserved.
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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