>Zak still uses nominal

No body uses PPP when you go to buy soemthing across country lines

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

Nominal GDP is the baseline official way to measure GDP

Protip: Just because you have a massive internal market doesn't mean your economy isn't export-dependent.

Still proves me right.

No, it doesn't.

PPP says China produces more goods and services per year than the United States.

Which is flat out idiotic.

Nominal is the way to go.

You're just scared of the truth, you know I'm right.

We've never stopped the Progressives ever.

And we're weaker now than ever before, and the Democrats are stronger.

https://www.reuters.com/article/china-economy-fiscal/china-government-spending-and-revenue-growth-pick-up-in-2017-idUSB9N1PE039

Yes, China produces more goods and services. Why do you think they export and we import?

They produce more goods.

Not Services

And?

Their currency is extremely inflated.

Which is why they have a higher PPP

upon other reasons of course.

the US still has the largest economy in the world.