1 thought on “GDP figures (Part 2): Cross-country comparisons and a total for the world”

  1. Posted 26/02/2015 at 12:30 | Permalink

    “the error arose from taking current dollar exchange rates, rather than purchasing power parity (PPP) converters, as the basis for cross-country comparisons”

    Calculated PPP is a meaningless concept!

    http://mises.org/library/euro-not-overvalued-nor-any-other-currency

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