> The fact that some country has cheap potato or consumer electricity rates doesn't mean a worker can buy more iphones or macbooks with their salary.
Same can be said about paying 100x more on prescription drugs and counting that as GDP. Also having the most expensive french fries doesn't make it a bigger economy just because iphones are cheaper.
>>Same can be said about paying 100x more on prescription drugs and counting that as GDP.
This is actually valuable for drug exporters (and yet another reason Trump can bully countries around - US market is the most lucrative market there is).
Same can be said about paying 100x more on prescription drugs and counting that as GDP. Also having the most expensive french fries doesn't make it a bigger economy just because iphones are cheaper.