Message from @zakattack04
Discord ID: 440593268456030228
PPP is idiotic
And for you to really get a biased source
use offical exchange rates
>official exchange rates
PPP has more relevence to the people of that country
Yeah but IRL.
The true value.
you use offical exchange rates.
official exchange rates aren't always right
PPP is jsut like "oh your currency is really inflated here ya go"
better than PPP
Ever heard of currency manipulation?
I'm still right.
Hi still right., I'm Dad!
The offical exchange rates prove me so.
PPP is bullshit.
>people trade currency illegally on the black market because official exchange rates are bullshit
>Zak still uses nominal
It's going to all be official exchange rates
IE: how much your money is ACTUALLY worth.
Most people don't buy their shopping in foreign countries
I certainly don't anyway
Ok Nuke
5 - 0
progressives always win
No one even uses measurements of GDP when they go shopping abroad.
Since 1940, I'm still waiti9ng.
Countries do
To determine the power of your economy,.
This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated GDP (PPP).[2] Countries are sorted by GDP PPP forecast estimates from financial and statistical institutions in the limited period January–April 2017, which are calculated at market or government official exchange rates. The data given on this page are based on the international dollar, a standardized unit used by economists.
>which are calculated at market or government official exchange rates
why bother being here if all you do is call this an impossibility
What was this arguement even about?
I didn't catch that
Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.
Nominal GDP .... results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.
If you used PPP that would mean China would out spend the Untied states.
Which they can't