3 ms·
Um, $5 million to dig a ditch still means no value produced even if it was PPP adjusted.
by crdoconnor 12y ago
Um, $5 million to dig a ditch still means no value produced even if it was PPP adjusted.
- jvm 12y agoNominal GDP: $5mil PPP adjusted: $0
- crdoconnor 12y agoPPP simply adjusts for local costs. It does not adjust for the value created during a transaction.