GDP and PPP

3,310 views · Published 22 October 2012 · 17:18 · Indexed 10 October 2026

Channel: Marginal Revolution University · 2012 · Education

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complicated than it looks! Exchange rates, for example, fluctuate much more rapidly than does the standard of living. Thus, in this video we look in more detail at the GDP statistic and how we compute Purchasing Power Parity adjusted GDP.

Corresponding lesson: http://mruniversity.com/gdp-and-ppp

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