Assertion: power parity | /r/HasProperty | economic concept
Facets:
value: for measuring prices
type: PURPOSE
Source sentences:
text: Purchasing-power parity (PPP) is an economic concept that states that the real exchange rate between domestic and foreign goods is equal to one, though it does not mean that the nominal exchange rates are constant or equal to one.
text: Purchasing power parity is an economic term for measuring prices at different locations.
text: Purchasing power parity is an economic concept that seeks to weigh the value of one country