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I thought it was the other way around? Nominal was supposed to be better for comparing overall economic heft among countries, while PPP is better for internal m
by calgarymicro 4y ago
I thought it was the other way around? Nominal was supposed to be better for comparing overall economic heft among countries, while PPP is better for internal measures and comparisons in living standards (GDP PPP per capita for example)?
- throwayyy479087 4y agoYou are correct - PPP is how many Big Macs you can buy (the Big Mac Index) in a country, Nominal GDP is how many nuclear submarines you can buy
- riku_iki 4y agoMaybe oil, cars, clothes, materials and electronics are better examples compared to submarines.