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purchasing power parity

Noun CEFR C1

Definitions

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

uncountable, usually

Equivalents

8 more languages

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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See also

purda purdah purdahnashin Purdeet Purdesee Purdie

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