Post B7Sw7IvJPGzv1nLLNI by jmaris@eupolicy.social
 (DIR) More posts by jmaris@eupolicy.social
 (DIR) Post #B7SvrfjQq0jR8LKfpI by wolf480pl@mstdn.io
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       @jmaris > Do they have greater puchasing power?Isn't that just GDP PPP per capita?
       
 (DIR) Post #B7Sw7IvJPGzv1nLLNI by jmaris@eupolicy.social
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       @wolf480pl I just recently posted a video explaining the problem with GDP PPP per capita.I'd also highlight that some things might not be included in GDP PPP.Take a medical procedure. In the US it costs $30k, and adds 30k to GDP.In Europe it costs $2.5k.Should we be counting this ?
       
 (DIR) Post #B7SxiXdfl1tPKtPddA by wolf480pl@mstdn.io
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       @jmaris re posting a video - yeah I only found that afterwards.But yeah it does sound like the choosing the contents of the basket can be quite arbitrary and could have a lot of impact on the resulting numbers...