[lbo-talk] GDP per capita/Dougs comments

uvj at vsnl.com uvj at vsnl.com
Thu Jun 24 09:06:33 PDT 2004


Doug Henwood wrote;


> Chris Doss wrote:
>
> >I don't know about Chinese, but Russians live considerably better
> >than one would think they do looking at the official stats, as I
> >have stated before, which makes me leery of them. (Shadow economy,
> >fake taxes, lots of stuff almost free, no rent, free summer house,
> >stuff like that.)
>
> The WB has Russia at 23% of US per capita GDP on a PPP basis, or
> around $8,200/yr - but on a market exchange basis, about 10%.

One can buy a loaf of good quality bread in my city (Pop. 15 mn) for 20 cents. (Things cost much less small towns and villages.) How much it would cost in NY?

Ulhas



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