Politics vs Economics: What Politicians Misunderstand About Markets
Many Happy Returns
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The Fifth Richest Country in the World
Britain is the sixth largest economy when you measure it by nominal GDP. But that's based on market exchange rates, not purchasing power parity. What really matters is GDP per capita - how much money is there for each person? On that measure, the UK is 22nd richest country in the world with market exchange rates or the 29th richest using PPP.
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