Relationship With Purchasing Power
Since real GDP is adjusted for inflation throughout the year, it can be thought of in terms of purchasing power. As a result, individual purchasing power can be measured by real GDP per capita, i.e., real GDP divided by the size of the population..
Read more about this topic: Real Gross Domestic Product
Famous quotes containing the words purchasing power, relationship with, relationship, purchasing and/or power:
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)
“When a mother quarrels with a daughter, she has a double dose of unhappiness—hers from the conflict, and empathy with her daughter’s from the conflict with her. Throughout her life a mother retains this special need to maintain a good relationship with her daughter.”
—Terri Apter (20th century)
“If the relationship of father to son could really be reduced to biology, the whole earth would blaze with the glory of fathers and sons.”
—James Baldwin (1924–1987)
“Fashion is the most intense expression of the phenomenon of neomania, which has grown ever since the birth of capitalism. Neomania assumes that purchasing the new is the same as acquiring value.... If the purchase of a new garment coincides with the wearing out of an old one, then obviously there is no fashion. If a garment is worn beyond the moment of its natural replacement, there is pauperization. Fashion flourishes on surplus, when someone buys more than he or she needs.”
—Stephen Bayley (b. 1951)
“Knowing does not always allow us to prevent, but at least the things that we know, we hold them, if not in our hands, but at least in our thoughts where we may dispose of them at our whim, which gives us the illusion of power over them.”
—Marcel Proust (1871–1922)