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It makes sense to compare US prices with western/northern Europe, as they are similarly rich/developed. But to compare prices in the USA with those in eastern
by bmunro 14y ago
It makes sense to compare US prices with western/northern Europe, as they are similarly rich/developed.
But to compare prices in the USA with those in eastern Europe doesn't seem right. In nominal terms, the GDP per capita of the USA is 6 times that of Romania, and 4 times by purchasing power parity.