Examlex
How can inflation be measured?
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, adjusting for the cost of living and inflation rates to determine relative currency values.
Exchange Rates
The value of one currency for the purpose of conversion to another.
Real Income
The income of an individual or group after adjusting for inflation, representing the actual purchasing power.
Market Size
The total volume of sales or potential sales for a particular product or service in a specific market.
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