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This is why the IMF uses PPPs, which take account of international differences in prices of the same goods and services, to provide a more accurate measure of the purchasing power of each country's inhabitants.It makes a big difference.
Measured by the World Bank at purchasing-power parity to take account of international differences in costs of living, Hong Kong's income per head was $22,950 in 1995 and Singapore's was $22,770.
According to the IMF, its income per head will be $72,855 this year, when measured on a purchasing-power parity basis, which takes account of international differences in the price of non-traded goods.
Prices and wages are collected from two or more stores in the capital city of smaller countries and from multiple cities in larger ones, including China.Supersizing pay ratesConverting McWages into a common currency generates a surprisingly good picture of international differences in the cost of labour for simple, well-defined tasks.
However, because of international differences in the definition and regulation of dietary supplements (Getman 2015), only data from patients who reside in the US were included in this analysis.
As a result, the magnitude of international differences in growth is not fully evident.
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They do not consider contrary evidence, either on the quality of medical certification of the cause of death or on international differences in the selection and coding of the underlying cause of death, 25 26 27 from which cause specific death rates are constructed.
This paper describes a dynamic, general equilibrium model designed to gauge the importance of contractual imperfections in the form of limited enforcement for international differences in the organization of production.
Various sources of heterogeneity likely exist due to international differences in coffee consumption (e.g., coffee type, serving size, or brewing method) in this analysis.
In fact, formal investigations of this question, both by modelling between-country differences and studies of migrants, indicate that an appreciable amount of the international differences in this disease remains unexplained.
Although 16 remains the global average age of consent, international differences over the acceptable age to have sex are dramatic.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com