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6 sats \ 2 replies \ @cryptocoin 8 Mar \ on: The Entire Global Economy in 2026 in One Chart (GDP, PPP) charts_and_maps econ

PPP is a garbage metric

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16 sats \ 1 reply \ @jakoyoh629 OP 8 Mar

Why?

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6 sats \ 0 replies \ @cryptocoin 12 Mar

PPP-adjusted GDP answers “how much stuff can someone in a country buy at that country's prices".

Just because someone in India pays the equivalent of $1 for medicine that you pay $25 for, doesn't mean their medicine purchase "essentially" caused $25 worth of economic activity to occur. I'm oversimplifying it but people misuse the PPP-adjusted GPD metrics in this manner.

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