Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
tradable goods
|
| gptkbp:assumes |
perfect competition
no trade barriers no transportation costs |
| gptkbp:citation |
macroeconomics textbooks
|
| gptkbp:contrastsWith |
relative PPP
|
| gptkbp:criticizedFor |
rarely holds in practice
|
| gptkbp:describes |
relationship between price levels and exchange rates
|
| gptkbp:example |
gptkb:Big_Mac_Index
|
| gptkbp:explains |
price indices comparison
|
| gptkbp:fullName |
absolute purchasing power parity
|
| https://www.w3.org/2000/01/rdf-schema#label |
absolute PPP
|
| gptkbp:implies |
exchange rate equals ratio of price levels
|
| gptkbp:originatedIn |
gptkb:law_of_one_price
|
| gptkbp:relatedTo |
gptkb:law_of_one_price
relative PPP |
| gptkbp:state |
identical goods should have the same price in different countries when expressed in a common currency
|
| gptkbp:usedFor |
long-term exchange rate analysis
|
| gptkbp:usedIn |
international economics
|
| gptkbp:bfsParent |
gptkb:Purchasing_Power_Parity
gptkb:Purchasing_Power_Parity_(economics) |
| gptkbp:bfsLayer |
6
|