Purchasing Power Parity By rearranging Equation(15-1), one can obtain PUS =(ESeX (pe) S/e/X PPP asserts that all countries' price levels are equal when measured in terms of the same currency Copyright C 2003 Pearson Education, Inc Slide 15-8Copyright © 2003 Pearson Education, Inc. Slide 15-8 Purchasing Power Parity ▪ By rearranging Equation (15-1), one can obtain: PUS = (E$/€) x (PE ) ▪ PPP asserts that all countries’ price levels are equal when measured in terms of the same currency