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20 sats \ 2 replies \ @optimism 30 May \ on: India's economy grew by faster-than-expected 7.4% in the March quarter econ
Interesting.
Honest question though: why would you rank GDP at PPP at a national level, without generalizing per capita? Like what does that mean in practical terms? What are we comparing?
It's because there's a huge difference among countries when it comes to the cost of products and services.
This is reflected in the huge difference in the final price of goods and services. Let me give you an example: A dozen eggs in India cost around $1 while they are much more costlier elsewhere. Another example is the difference in rents.
The reason why we need PPP is because countries produce the same goods or services at different prices.
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Right so you want to measure productivity / output that is controlled by a particular government. It's a bit circumvent but makes sense if there's no direct data.
This is probably why the spooks factbook lists this, as it shows you which regimes you want to control. Real life game of thrones.
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