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To: YOUGOTIT
Germany edges out Arkansas in per capita GDP.

That's the magic of PPP.

Using a normal dollar to euro rate (like what actually happens you actually go to buy actual euros as opposed to the arbitrary way PPP rates are calculated) of 1.2633 (from Bloomberg), the German GDP per capita is $33,839, which is well above per capita GDP of an Arkansan at $27,709.

65 posted on 05/15/2005 8:42:15 AM PDT by snowsislander
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To: snowsislander
That's the magic of PPP.

Using a normal dollar to euro rate (like what actually happens you actually go to buy actual euros as opposed to the arbitrary way PPP rates are calculated)

Using the same calc for China, what would you say China's GDP is?

68 posted on 05/15/2005 9:32:55 AM PDT by Toddsterpatriot (If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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