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But GDP is measured in dollars and not in amount of things produced. If everything is expensive in your country it will have larger GDP even producing less thin
by codedokode 2y ago
But GDP is measured in dollars and not in amount of things produced. If everything is expensive in your country it will have larger GDP even producing less things.
- postingawayonhn 2y agoPurchasing Power Parity calculations try to capture this.
- codedokode 2y agoYes, but it is generally made around prices for cheap food and this doesn't help to understand how many cars, planes or rockets a country can produce.