3 ms·
Completely depends on what you’re measuring. To me, economy isn’t an abstract thing to be measured without taking people’s quality of life into perspective. Th
by aaomidi 3y ago
Completely depends on what you’re measuring.
To me, economy isn’t an abstract thing to be measured without taking people’s quality of life into perspective. That just feels too much like stats for the sake of stats.
The PPP based measurement is way more interesting.
- dogma1138 3y agoAgain PPP cannot by definition used to measure growth. It has limited applications for developing economies and measuring AIC which it was initially conceived. Here is a good breakdown of what it is, how it’s constructed and more importantly what it can and cannot measure. https://www.oecd.org/sdd/prices-ppp/purchasingpowerparities-frequentlyaskedquestionsfaqs.htm https://www.oecd.org/sdd/prices-ppp/purchasingpowerparities-... Regardless of how you slice it the national purchasing power of the US has doubled since 2008 whilst the EU’s has stagnated.