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The cost of living and relative purchasing power varies across each of the member states.
For another, market rates rarely reflect the relative purchasing power of currencies.
The European Union, for instance, estimated the relative purchasing power of Poland's 38 million people at just 39percentt of the union's existing average.
Qatar's 250,000 citizens are among the world's richest, with a gross national income (adjusted for relative purchasing power) of $87,478 last year — about double the figure in the United States.
The idea is that relative purchasing power parity more or less holds in the long run, so you can assume that Japanese inflation equals US inflation plus change in the exchange rate.
I am well aware that our basic salaries are higher, in relative terms, than these colleagues; the much greater cost of living in the UK more than cancels out this advantage and our relative purchasing power, rank for rank, is similar.
Similar(53)
For consumers who initially reported that they never purchased eco-labelled alternatives, importance attached to environmental consequences worked as a predictor of an increased relative purchase frequency six months later.
Importance attached to environmental consequences, and beliefs about characteristics of eco-labelled food products were examined as predictors of self-reported relative purchase frequency of eco-labelled alternatives.
Lockshin et al. (2006) used a discrete choice experiment to show how relative purchase rates change as brand, region, price and any award are changed.
In univariate analysis among the group as a whole, patients were significantly more likely than controls to eat rare meat (this question referred to meat in general); eat cured, dried, or smoked meat given by a friend or relative (purchased cured, dried, or smoked meat was not significantly associated with case status); have a garden; work in the yard or garden; eat frozen lamb; and be male.
They scouted up Sacagawea's Shoshone relatives, purchased horses and proceeded on toward the Bitterroots and Lolo Pass -- the most harrowing part of their journey to the Pacific.
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CEO of Professional Science Editing for Scientists @ prosciediting.com