Economy growth: Pakistan set to miss target for second year

[WAR-rior]

I think PPP is completly different thing, not necerarly real.

PPP is just a different name. What I can recollect is ppp is measured with total baskets of goods converted into a unit and produced in an economy. That's in turn the real GDP.

As per formula Real GDP = Nominal GDP (p/e). This p is the ppp factor and e is the currency. So I think real GDP is always same as ppp GDP.

 

[ziaulislam]

hmmm

fmc abbottabad

i studied from khyber medical college peshawar.
my cousin studied from frontier while two of my cousins are in Abbottabad international medical college second year.

PPP is just a different name. What I can recollect is ppp is measured with total baskets of goods converted into a unit and produced in an economy. That's in turn the real GDP.

As per formula Real GDP = Nominal GDP (p/e). This p is the ppp factor and e is the currency. So I think real GDP is always same as ppp GDP.

basically PPP is changing everything into a uniform standardized price. thus PPP shows your actual economy.
while nominal is comparing to dollar.

for a layman, say a kg tomato while price differently in each country and give you a different GDP in nominal but in PPP it will be equal everywhere but its a complex not so simple, this will give you an idea.

 

[WAR-rior]

i studied from khyber medical college peshawar.
my cousin studied from frontier while two of my cousins are in Abbottabad international medical college second year.


basically PPP is changing everything into a uniform standardized price. thus PPP shows your actual economy.
while nominal is comparing to dollar.

for a layman, say a kg tomato while price differently in each country and give you a different GDP in nominal but in PPP it will be equal everywhere but its a complex not so simple, this will give you an idea.

I think I too said the same thing.