Historical GDP per capita

Historical GDP per capita

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mises.org/blog/if-sweden-and-germany-became-us-states-they-would-be-among-poorest-states
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Daily reminder GDP(nominal) is the correct way to measure a country's wealth not PPP

I doubt this is PPP, but you're wrong anyway.

No. Spagettinigger

Ok, maplesyrupnigger, but this is not what I made this thread for.

yes you are you retarded leaf

It is now. >:^)

You use PPP to compare countries

PPP is trash

>pinktugal

If you study economics Nominal is all that matters.
Poorfag cunts gtfo.

Both have their uses, but PPP is good for comparing different countries to each other.

You are retarded mate
You talk about how you are an econ student but you spout utter dribble
Let's say the uk becomes a US state
We would have the lowest GDP yet the highest living standards
And The highest PPP

It is an outdated formula

Nein.

Yes. Because UK is poorfag compared to california.

Absolutely wrong. You would have the lowest GDP per capita with PPP figured in

really makes you think

If you adjusted for PPP we would be higher m8
Read
mises.org/blog/if-sweden-and-germany-became-us-states-they-would-be-among-poorest-states
The economist did a good paper on it around 2 years ago but I can't find it

>ukraine
Makes you want to import a gf from over there huh

also
>UK
top kekson

That's why the EU needs to go

GDP is used, among the other things, as a measure of wealth because it is equal to both the total expenditure and the total income/profit, other than the actual product value. But it's obvious that both expenditure and income have different meanings in different countries, that's why PPP is used.

UKPOORFAGS BTFO

can't be arsed to check but i'm willing to bet my pinkie finger blind it started waaaay before EU, probably right after WW2

unless you're baiting utilizing the non-eu rhetoric going ballistic in england, in which case job well done harry

Once again though the data doesn't really fully adjust for all out expenses
For example we give the most in foreign aid 0.8% of our economy
While in the us forign aid is a federal thing
I can go on but if you wanted to get really autistic with it we would be higher

Just baiting m8
Also right after ww2 we were broke as fuck

Cope

GDP doesn't either?
Uk is currently going though a bout of high employment low productivity yet our GDP has yet to change

BUTTHURT
New Pakistan on damage control.

>pretends to be an ECON student
>LE BUTHURT XDXDDDXDZDZXS
kill your self you autist
Your a quart aren't you?

Wtf spain?!

>PPP is adjusted for inflation and currency changes
>Doesnt correctly measure a country's real GDP
>Higher PPP and lower nominal usually means buying something imported via US dollars is more expensive