单词
purchasing power parity
释义
purchasing power paritynoun[U]ECONOMICSuk
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(abbreviationPPP)ameasureof how much oneunitof acurrencywouldbuyin differentcountries,calculatedbycomparingthepriceof one or moreparticularproductsin eachcountry. Purchasingpowerparityis used tojudgeifcurrencyexchangeratesarecorrectinrelationto what can beboughtwith differentcurrencies:Thetheoryofpurchasingpowerparitysays that, overtime,exchangeratesshouldequalizethepricesof anidenticalbasketofgoodsandservicesin any twocountries.(Definition ofpurchasing power parityfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofpurchasing power parity
purchasing power parityAn example is a country'spurchasingpowerparity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Internationally, an income of less than $1.25 per day per head ofpurchasingpowerparityis defined as extreme poverty.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Atpurchasingpowerparity, the economic output of 79 markets contracted by $1.4 trillion during 2009.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Atpurchasingpowerparity, the economic output of 148 markets expanded by $16.9 trillion from 1990 to 2000.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.It is also the world's tenth largest economy and third largest in terms ofpurchasingpowerparityas of 2012.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.There should be no distortions inpurchasingpowerparityfor perfectly tradable goods.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Arbitrage moves different currencies towardpurchasingpowerparity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Likepurchasingpowerparity, the balance of payments model focuses largely on trade-able goods and services, ignoring the increasing role of global capital flows.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Ifpurchasingpowerparityheld exactly, then the real exchange rate would always equal one.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These two anomalies are sometimes referred to as the "purchasingpowerparitypuzzles".FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/purchasing-power-parity##
