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For many location-dependent services, which are a major part of modern economies, PPP GDP is a more appropriate measure than nominal GDP. Thai food in a decent
by nopinsight 9y ago
For many location-dependent services, which are a major part of modern economies, PPP GDP is a more appropriate measure than nominal GDP. Thai food in a decent restaurant in Thailand costs less than a comparable meal, Thai or another cuisine, in the States. Basic healthcare in many developing countries costs a fraction of the same services in the US with similar quality.