Purchasing Power Parity (economics)

URI: https://gptkb.org/entity/Purchasing_Power_Parity_(economics)
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:abbreviation gptkb:PPP
gptkbp:assumes no trade barriers
no transportation costs
identical goods
gptkbp:contrastsWith current exchange rate
gptkbp:describes exchange rate determination
gptkbp:example gptkb:Big_Mac_Index
gptkbp:field economics
gptkbp:formedBy early 20th century
gptkbp:hasType gptkb:absolute_PPP
relative PPP
https://www.w3.org/2000/01/rdf-schema#label Purchasing Power Parity (economics)
gptkbp:influenced gptkb:economic_policy
inflation measurement
international price comparisons
gptkbp:limitation market imperfections
differences in consumption patterns
non-tradable goods
gptkbp:measures price level indices
gptkbp:proposedBy gptkb:Gustav_Cassel
gptkbp:relatedConcept gptkb:Law_of_One_Price
nominal exchange rate
real exchange rate
gptkbp:usedBy gptkb:International_Monetary_Fund
gptkb:OECD
gptkb:World_Bank
gptkbp:usedFor GDP comparison
cost of living comparison
international income comparisons
gptkbp:bfsParent gptkb:PPP
gptkbp:bfsLayer 5