3 ms·
I would not characterize it as the "usual" way of comparing incomes. It's useful in some contexts but the adjustment can mask differences in local quality of li
by snowwrestler 7y ago
I would not characterize it as the "usual" way of comparing incomes. It's useful in some contexts but the adjustment can mask differences in local quality of life that matter to people.
- rayiner 7y agoWhen comparing countries, as I said, the basis of comparison is almost invariably PPP GDP per capita, not nominal GDP per capita.