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0 pointsajross10y ago0 comments

Uh... The subject at hand is international trade. How exactly is PPP not literally the worst possible metric for comparing the economies?

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meric10y ago

The subject at hand is whether a very large economy can produce certain goods. If we're measuring in goods, we should use PPP.

Tradable goods should be measured using trade data and GDP is a poor proxy. US GDP is 80% services. Manufacturing value adds in China has surpassed the US since 2013: https://www.mapi.net/china-solidifies-position-worlds-larges...

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0 pointsajross10y ago0 comments

Uh... The subject at hand is international trade. How exactly is PPP not literally the worst possible metric for comparing the economies?

meric10y ago

The subject at hand is whether a very large economy can produce certain goods. If we're measuring in goods, we should use PPP.

j / k navigate · click thread line to collapse