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To: Duan
The CIA think their numbers are good. Don't you believe the numbers you posted?

What? Please re-read my #57. According to the notes from the CIA World Factbook on "GDP methodology": "In developing countries with weak currencies the exchange rate estimate of GDP in dollars is typically one-fourth to one-half the PPP estimate."

In other words, if you convert Egypt's GDP into dollars at the official exchange rate, it might turn out to be as low as $70 billion instead of $268 billion. That's all.

80 posted on 09/19/2003 11:03:31 AM PDT by tictoc
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To: tictoc
Read this slowly . ....

The data derived from the PPP method provide the best available starting point for comparisons of economic strength and well-being between countries.

If you want to compare two countries . .... this is how to do it.

81 posted on 09/19/2003 11:21:37 AM PDT by Duan
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