purchasing power parity

Noun

uncountable usually

(economics) A theory of long-term equilibrium exchange rates based on relative price levels of two countries.

Japanese Meaning

（経済学）各国の相対的な物価水準に基づいて、長期的に均衡状態となる為替レートが決定されるという理論。

Economists often use purchasing power parity to compare living standards across countries over time.

経済学者はしばしば購買力平価を用いて、諸国の生活水準を長期的に比較します。

Sense（1）

(economics) A theory of long-term equilibrium exchange rates based on relative price levels of two countries.

purchasing power parities

（ plural ）