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Another approach is to use the purchasing power parity method.
It is the 4th largest economy of the world when accounting for purchasing power parity.
If purchasing power parity held exactly, then the real exchange rate would always equal one.
This is known as the "purchasing power parity" theory.
An example is a country's purchasing power parity.
Data is given in terms of constant year-on-year prices, based on purchasing power parity.
These two anomalies are sometimes referred to as the purchasing power parity puzzles.
If current trends continue, Indian per capita purchasing power parity will significantly increase from 4.7 to 6.1 percent of the world share by 2015.
It is also the world's ninth largest economy and third largest in terms of purchasing power parity.
Heston is considered a leading world expert on international economic comparisons and purchasing power parity.
We should also improve our methods of calculating purchasing power parity by developing regional rather than national indicators.
Measured in terms of purchasing power parity, its energy intensity is one of the lowest.
Economists rely on so-called purchasing power parity exchange rates.
Data are in United States dollars at current prices and current purchasing power parity for the reference year.
Scholarly studies suggest that the yuan is undervalued on the basis of purchasing power parity analysis.
The purchasing power parity assumption is verified for tradable goods.
For purchasing power parity comparisons, the US dollar is exchanged at 3,094.57 rupiah only.
GDP per capita, based on purchasing power parity is estimated to be $19 730 in 2008.
Arbitrage moves different currencies toward purchasing power parity.
There should be no distortions in purchasing power parity for perfectly tradable goods.
It is also the world's ninth-largest by GDP at purchasing power parity.
PwC also make comparisons using purchasing power parities - which take account of different price levels between countries.
International dollars (purchasing power parity method) $24.69 billion (2007 est.)
Differences in cost of living between locations can also be measured in terms of purchasing power parity rates.
They are interest rates, asset prices and "purchasing power parity," the relative cost of everything from Big Macs to new clothes.