May 4 2025, 11:36 AM
QUOTE(ZeaXG @ May 4 2025, 09:38 AM)
Exporting economies favor weaker currencies which causes lower nominal GDP numbers. Besides, nominal GDP number is misleading. Any product like an egg or a shirt in US costs more compared to one you can find here and thus it contributes more to US GDP. But at the end of the day, it's still just one egg or one shirt consumed. Does it mean Americans are more productive at consumption of an egg than Malaysians?
its cos Americans are more productive in producing 1 egg vs us Malaysians in producing 1 egg... an egg there is like 8 times more expensive than ours? haha...the barber in nyc charges like 40 bucks (excluding tips) for haircut while malaysia like 15rm. hence for sure the barbers there are 10 times more productive.... lol
This post has been edited by Wedchar2912: May 4 2025, 11:47 AM
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