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Russia has 40% larger GDP (PPP) than Italy according to these figures. Purchasing power parity includes the fact that Russia has a small purchasing power, which
by crubier 2y ago
Russia has 40% larger GDP (PPP) than Italy according to these figures. Purchasing power parity includes the fact that Russia has a small purchasing power, which makes this figure larger than the real dollar GDP.
- protomolecule 2y agoYep, BigMac is real, 'real dollar GDP' is not.
- Wytwwww 2y ago> real dollar GDP' is not. So you are saying that PPP adjusted GDP is not real and that you believe that Italy actually has larger GDP than Russia (which it does if we measure it in actual non-adjusted money/$)?