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Traditionally purchasing power parity dollars are used for comparisons across countries. Would be nice if journalists specified but you can pretty much assume t
by Swizec 7y ago
Traditionally purchasing power parity dollars are used for comparisons across countries. Would be nice if journalists specified but you can pretty much assume that’s what their sources used
https://en.wikipedia.org/wiki/Purchasing_power_parity https://en.wikipedia.org/wiki/Purchasing_power_parity
Otherwise, as you say, these comparisons are meaningless.