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"purchasing power parity" is a correct part of a sentence in written English.
It is a term used in economics to refer to the idea that exchange rates should reflect the cost of goods and services in different countries. For example: "The economists suggested that the most accurate way to reflect the relative purchasing power of two countries is to adjust the exchange rate using purchasing power parity."
Dictionary
purchasing power parity
noun
A theory of long-term equilibrium exchange rates based on relative price levels of two countries.
synonyms
Exact(34)
6 What index in the Economist measures purchasing power parity?
This is known as the "purchasing power parity" theory.
The new standard was set according to what economists call purchasing power parity.
To make our map we looked at purchasing power parity on actual individual consumption from Eurostat.
In 2011 it had the world's sixth-largest economy by purchasing power parity.
His most important contribution was his concept of purchasing power parity.
Similar(25)
†Income losses based on purchasing power parity adjusted per capita GNI.
Purchasing-power parity is a long-run concept.
Today, in terms of purchasing-power parity, China has left the United States behind.
Tiny South Korea ranks fourteenth in the world in purchasing-power parity.
Comparisons are based on purchasing-power parity, which takes account of price differences between countries.
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