Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But the typical GDP_PPP numbers are real GDP, which is to say corrected for inflation.

Indeed, there's no reason not to correct for inflation, since all the problems are exactly the same problem as estimating purchasing power parity ... you don't take any substantial new problems on board moving from current dollar PPP to base year dollar PPP.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jul 16th, 2008 at 05:33:39 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series