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"Even if they're not affected in terms of purchasing power, consumers feel it's ethical to spend less.
"But in terms of purchasing power, the minimum wage is the lowest it's been in nearly 50 years.
The days when the dollar was strong — both in terms of purchasing power and prestige — may be past.
According to the I.M.F., the global economy grew just 0.19 percent last year, measured in terms of purchasing power parity.
In terms of purchasing power, South Korea pays teachers on average 250 percent of what we do.
Measured in terms of purchasing power, Prague and Bratislava are now richer than their old imperial capital, Vienna.
As an inflation-indexed security held to maturity, it is risk free in terms of purchasing power.
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Today, in terms of purchasing-power parity, China has left the United States behind.
In terms of purchasing-power parity (after adjusting for price differences between economies) it is second only to the United States with an 11.8% share of world GDP.
Finland, for example, has wealth per head (measured in terms of purchasing-power parity) of under $39,000, less than South Korea.
Second, China will for the first time in modern history begin the year as the world's largest economy, surpassing America, at least in terms of purchasing-power parity (chart 4).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com