A short explanation.
For anyone who has travelled around, purchasing power has become very clear. What $100 can do for you in a city like Los Angeles vs. Little Rock; is what this measurement is about.
When inflation and cost of living factors cause your buying power to go higher or lower, the vertigo can be an issue 🎈
So to have a fair measurement of where things are economically, on this lovely planet of ours, the Purchasing Power Parity measure is probably a better gauge.
Sheer dollars – or Euros or Rembimbi or Rupees or Roubles or Yen – all do matter, but what that cash can buy you – that really does matter.
An interesting facts for all those who are on the Pursuit of Happ y ness !!
#GDP
#PPP