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March 27, 2006 at 04:08 PM | Permalink
I agree with the sentiment of this post, but you are sltlhigy overstating the case. Making some sort of purchasing-power adjustment is necessary. Using the same IMF data, Japan is $33,828 and China is $7,518, a 4.5x difference, not 10x.Note that this also makes the US look a lot better compared to Japan, since the US figure is the base for comparison.
August 13, 2012 at 04:08 PM
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