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> Measuring GDP adjusted by purchasing power parity, but not per capita, seems like an odd metric. I agree. As I commented recently here, we should also normal
by mo_42 3y ago
> Measuring GDP adjusted by purchasing power parity, but not per capita, seems like an odd metric.
I agree. As I commented recently here, we should also normalize by total hours worked. People in the US work much more than in many other countries.
I guess one use of total GDP adj. b. PPP would be when countries negotiate something. Then, China would have a strong argument for setting terms.