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Gross domestic product (GDP) measures the volume of goods and services produced by a nation. By adjusting this measure to reflect movements in the terms of trade, command GDP describes the purchasing ...
Workers' purchasing power rises even as wage and salary gains lag
Workers' purchasing power wage salary gains lag
2009/5/31
There is no clear relationship between changes in the purchasing power of wages and salaries and the business cycle; changes in purchasing power reflect the greater volatility of price, rather than wa...
Purchasing power parities determine expenditures for real gross domestic product among countries without the use of the exchange rate to convert currencies; parities more accurately reflect the rate a...
International price comparisons based on purchasing power parity
International price comparisons purchasing power parity
2009/4/15
Because exchange rate movements, in general, tend to be more volatile than changes in national price levels, the purchasing power parity approach provides the proper basis for comparing living standa...