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$1 is still $1 when for example you travel to another country or buy stuff online. Just like CPI, PPP is biased to an average and meanwhile the extremes are get
by frankreyes 3y ago
$1 is still $1 when for example you travel to another country or buy stuff online. Just like CPI, PPP is biased to an average and meanwhile the extremes are getting worse. The poor are getting poorer and the rich, richer. If you have zero bananas and I have two, on average we have 1 each.