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ajross
10y ago
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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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meric
10y ago
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The subject at hand is whether a very large economy can produce certain goods. If we're measuring in goods, we should use PPP.
fspeech
10y ago
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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