Examlex
Climatic conditions and diversion of Lake Chad for human purposes have caused the water to recede.If these conditions continue,the lake might virtually disappear by the end of this century.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess their purchasing power.
Exchange Rate
The value of one currency for the purpose of conversion to another, which determines how much foreign currency one can get with the domestic currency.
Basket of Goods
A selection of various goods and services used to track inflation and the cost of living over time.
Balance of Payments
A record of all financial transactions made between consumers, businesses, and the government in one country with others.
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