This page is a permanent link to the reply below and its nested replies. See all post replies »
PicturesOfABetterTomorrow · 41-45, M
Jokes aside GDP is a bit of a scam anyway. GNP is more useful.
So is PPP .
GNP an older metric only counted national product vs Domestic product. What is the difference?
GNP counts products that are produced domestically by domestic companies.
GDP deliberately skews the numbers by including local manufacturing by foreign owned companies and papers over the fact that money all leaves the country in question.
PPP Purchasing Power Parity is your buying power. The on paper trading price of your currency is less useful for most of the population. PPP is your actually purchasing power within your own country.
So is PPP .
GNP an older metric only counted national product vs Domestic product. What is the difference?
GNP counts products that are produced domestically by domestic companies.
GDP deliberately skews the numbers by including local manufacturing by foreign owned companies and papers over the fact that money all leaves the country in question.
PPP Purchasing Power Parity is your buying power. The on paper trading price of your currency is less useful for most of the population. PPP is your actually purchasing power within your own country.
