To: Toddsterpatriot
Exchange rate conversions are better than the PPP way. The point is, blaming the World Bank’s own overestimations on the Chinese government is just stupid.
7 posted on
12/19/2007 3:30:26 PM PST by
charles m
To: charles m
Exchange rate conversions are better than the PPP way.Why do you say that? Using official exchange rates would almost double the UK's GDP for example. A pound in the UK spends just about the same as a dollar in the U.S. Purchasing power parity brings the numbers back to reality.
12 posted on
12/19/2007 4:41:18 PM PST by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
To: charles m
The point is, blaming the World Bank’s own overestimations on the Chinese government is just stupid.The World Bank wasn't using info provided by the Chinese government?
19 posted on
12/20/2007 7:57:42 AM PST by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
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