| 单词 | purchasing power parity |
| 释义 | purchasing power parity purchasing power parity noun [U,C] (abbr PPP)
(Economics )
1 [U] the theory that the rate of exchange between two currencies adjusts so that eventually the cost of a range of goods and services will be the same in both countries: According to the theory of purchasing power parity, market forces will equalize prices between countries.
2 [U,C] a rate of exchange that is calculated for two currencies so that the amount paid for a range of goods and services in both countries is the same: Purchasing power parity is useful for comparing living standards between countries. Purchasing power parities provide a more accurate measure of what consumers can buy than current exchange rates do. |
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