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To: Victor Lazlo who wrote (125959)6/4/2001 8:14:44 PM
From: craig crawford  Read Replies (3) | Respond to of 164687
 
like i said before, you have to account for purchasing power parity. you have to account for the purchasing power of the currency. when adjusted for ppp china is the second largest economy in the world. china's gdp may be only $1 trillion in u.s. dollars, but if it can buy 4.7 times as many goods in china for that $1 then the adjusted gdp is $4.7 trillion. this isn't some scheme to inflate the numbers, this is an adjustment made for all countries around the world, to make relevant comparisons.

here you can read up about it. this search for "purchasing power parity" came up with 38,300 results.
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