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In practice they're comparing America to an idealized, fantasy version of other developed countries from 2007. They largely aren't aware of how much the US has
by achates 3y ago
In practice they're comparing America to an idealized, fantasy version of other developed countries from 2007. They largely aren't aware of how much the US has pulled ahead since then. The UK now has a lower GDP per capital than Mississippi for example.
- luis8 3y agoYou should use PPP instead of GDP because GDP does not represent local purchase power