42 sats \ 3 replies \ @TNStacker 18 Jul \ parent \ on: Please explain PPP and the numbers in the chart charts_and_numbers
When you say apples and oil should. have the same price everywhere, this is ex-tranaportation expenses, yes?
write
preview
34 sats \ 2 replies \ @Undisciplined 18 Jul
You'd think so, but I don't think PPP accounts for that. It's basically just an upgrade over purely using exchange rates to make cost of living comparisons.
reply
42 sats \ 1 reply \ @Bell_curve 18 Jul
PPP is not a bad way to adjust for comparisons.
There has to be a better way
reply
34 sats \ 0 replies \ @Undisciplined 18 Jul
I agree. PPP is not perfect, but it makes crude comparisons better.
There are conceptually better ways, but they tend to require data that no one keeps in many of these places.
reply