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Old 12-22-2019, 10:00 AM
368 posts, read 399,284 times
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Australia makes an appearance every decade after 1930...but seems to fall off the list completely after 2020-21. What explains Australia's GDP in terms of PPP being so low compared to, say for example, Canada or Brazil? PPP is basically currency converted to goods, and which dollar can buy the most, right?
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Old 12-26-2019, 10:58 AM
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I'm have 0 interest in Australia absolutely 0... But I am interested in the China vs US dynamic for GDP. In nominal terms the US still has significantly larger economy in both absolute $ and per capita ($20.5T vs $13.4T) but when you flip it to PPP then China soars to #1 ($25.2T vs $20.5T). Is the doubling of the Chinese economy when going from nominal to PPP a function of the currency manipulation that people have been accusing them of?

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