Nearby & related entries: 1  valley of death. 2  valley of ten thousand smokes. 3  valley of the kings. 4  valley of the shadow of death. 5  valley pocket gopher. 6  valley white oak. 7  valleyfield. 8  valleys. 9  valleyspeak. 10  valleytronics.
Economics Explained: Production-Possibility Frontier. Whenever a company, factory, or even country decides to produce something, there is only so much they can make. A finite amount of capital (factories, production equipment, etc) and laborers exist, and they limit the possible amount of production. The production-possibility frontier, or PPF, is a graphical way of showing trade-offs in production choices between 2 items. If the United States decided tomorrow to produce as many loaves of bread as possible, there would be a limit to how many loaves were made.
Global economy is 1.62 times greater in PPP terms compare to nominal terms. Out of 191 economies, 181 have higher value in PPP basis and 9 have higher in nominal. For United States both values are identical. United States and China would be the largest economy in nominal and PPP, respectively. Tuvalu would be the world's smallest economy in both methods. In exchange rates methods, Largest economy United States shares 24.9 percent of global wealth, while smallest economy Tuvalu contributes only 0.00005 percent. In PPP, 1st ranked China shares 18.3 percent and lowest ranked Tuvalu shares 0.00003 percent.