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This article is the subject of an educational assignment at Indiana University supported by WikiProject United States Public Policy and the Wikipedia Ambassador Program during the 2011 Spring term. Further details are available on the course page.
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on 14:37, 7 January 2023 (UTC)
While I realize that this may be overly technical for most of the audience, one of the critical factors in understanding differences, especially for china, is the currency peg placed between the chinese and american currencies.
If the currencies were allowed to float (if free markets were allowed to correct imbalances), the chinese currency would be stronger. By extention, the real GDP of China would be considerably higher then the $1290.
This reality not only helps explain the benefit of PPP in inefficient currency markets, but also would be important to help assuage confusions like the above post.
Are the comparisons in prices of goods done only horizontally, i.e. comparing the price of a McDonalds in UK and the price of a McDonalds in the US, or do they compare the prices vertically too, like for example the price of a McDonalds hamburger compared to the price of a burger made from Kobe beef?
concept 36.252.193.184 ( talk) 19:53, 6 May 2022 (UTC)
I wamt to check 2405:204:3128:6034:E18F:9401:6DAE:ECE9 ( talk) 10:41, 8 October 2022 (UTC)
The first paragraph under the heading === Exchange rate prediction[ ] === seems self-contradictory. SamIAmNot ( talk) 13:30, 5 April 2023 (UTC)
What goods and in what proportion does the IMF use to calculate price levels, and where do they publish these prices? -- 95.24.60.6 ( talk) 18:43, 4 May 2023 (UTC)
Are average prices in a country usually counted or lowest ones (or highest?)?. Because, like, India is a country with huge population, with different regions. Are average prices for India taken, or the cheapest region or what? -- 95.24.65.62 ( talk) 16:28, 18 May 2023 (UTC)
What's ICP?
I see it used in this article and elsewhere, but I don't know what it means. Thanks, DavidMCEddy ( talk) 12:47, 14 April 2024 (UTC)