Birdwatch Note Rating
2023-07-21 14:09:43 UTC - HELPFUL
Rated by Participant: A35FC3BDD601FA47AF253AD93510314AFEC891D3AD92BA85C24CDACD917C95B3
Participant Details
Original Note:
Nominal GDP distorts the actual gross domestic product of developing countries,once they have weaker and volatile currencies, prejudicing their overall GDP The best source to GDP is GDP by power purchase parity (this one considers the country living cost and fixes distortions) https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Purchasing-Power-Parity-PPP#:~:text=Advantages%20of%20PPP%3A%20A%20main,in%20individual%20countries%20are%20stable.
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