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)
“We think of religion as the symbolic expression of our highest moral ideals; we think of magic as a crude aggregate of superstitions. Religious belief seems to become mere superstitious credulity if we admit any relationship with magic. On the other hand our anthropological and ethnographical material makes it extremely difficult to separate the two fields.”
—Ernst Cassirer (1874–1945)
“In contrast with envy, which usually occurs between two people and is focused upon another person’s qualities or possessions, jealousy occurs when a third person becomes a threat to a dyad. Jealousy involves the loss or the impending loss of a relationship that one wants to hold onto, a relationship that is vital to personal fulfillment and claimed as one’s own.”
—Carol S. Becker (b. 1942)
“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)
“I only wish that ordinary people had an unlimited capacity for doing harm; then they might have an unlimited power for doing good.”
—Socrates (469–399 B.C.)