AS Paper 2, June 2016The UK Economy – Performance and Policies
AS Paper 2, June 2016, Q2(a)
Define the term ‘purchasing power parities’.
Short answerDefine2 marks
Context
The table below shows GDP per capita at purchasing power parities (PPPs) for a selection of European countries in 2013. GDP per capita Country (US$, at PPPs, 2013, rounded) UK 38 500 Spain 33 000 Italy 35 500 …