Iori_Yagami_Fighter@sh.itjust.works to Funny@sh.itjust.worksEnglish · 29 days agoFunny or just sad?imagemessage-square137linkfedilinkarrow-up1908arrow-down164file-text
arrow-up1844arrow-down1imageFunny or just sad?Iori_Yagami_Fighter@sh.itjust.works to Funny@sh.itjust.worksEnglish · 29 days agomessage-square137linkfedilinkfile-text
minus-squareCowbee [he/they]@lemmy.mllinkfedilinkarrow-up2·28 days agoI don’t think comparing by nominal GDP is nearly as effective as GDP adjusted to PPP. Russia is an industrialized economy with a low nominal GDP but higher GDP by PPP, whereas California has a high nominal GDP but is much lower by PPP.
minus-squareUltraGiGaGigantic@lemmy.mllinkfedilinkEnglisharrow-up3·28 days ago PPP Purchasing Power Parity if anyone else didnt know.
I don’t think comparing by nominal GDP is nearly as effective as GDP adjusted to PPP. Russia is an industrialized economy with a low nominal GDP but higher GDP by PPP, whereas California has a high nominal GDP but is much lower by PPP.
Purchasing Power Parity if anyone else didnt know.
Correct.