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Because they mean price for normal people, not price for international traders. Money can be exchanged for goods and services; the value of your money is not ho
by wizzwizz4 5y ago
Because they mean price for normal people, not price for international traders. Money can be exchanged for goods and services; the value of your money is not how much rice it can buy in Uganda or how much paper it can buy in Kazakhstan if you live in Denmark.
- jdsully 5y agoAgain comparing with the median wage is more appropriate if that is your goal. GDP does not have a direct connection to what the average person earns - much of the GDP gains over the last 30 years have gone to the rich.
- wizzwizz4 5y agoTrue. Really, it should be compared to a standard basket, or maybe equivalent meals?