The conversation between human and AI assistant.
What is a more useful measure to judge a nation's economy: GDP (nominal) or GDP (PPP) and why?
Can you tell me, what is a more useful measure to judge a nation's economy: GDP (nominal) or GDP (PPP) and why?
GDP (PPP) is typically considered to be a more useful measure to judge a nation's economy because it adjusts for differences in the cost of living between countries.