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PPP is only useful for measuring regional purchasing power within a country. As a metric for comparing the relative strength of global economies it is irreleva
by TeaBrain 2y ago
PPP is only useful for measuring regional purchasing power within a country. As a metric for comparing the relative strength of global economies it is irrelevant.
- FactKnower69 2y ago[flagged]
- Leary 2y agoJust the opposite. PPP is less useful when comparing intra-country than inter-country. It's only relevant because there are barriers to trade, especially in services.
- encoderer 2y agothis is economist-brained and about the same as using CPI as the only measure of inflation. They are models.