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codedokode
560 days ago
But GDP is measured in dollars and not in amount of things produced. If everything is expensive in your country it will have larger GDP even producing less things.
1 comments
postingawayonhn
560 days ago
Purchasing Power Parity calculations try to capture this.
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codedokode
560 days ago
Yes, but it is generally made around prices for cheap food and this doesn't help to understand how many cars, planes or rockets a country can produce.
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