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What is the Size of the Chinese Economy?Leonardo Cruz BassoMackenzie Presbiterian University - Business Administration March 29, 2011 Abstract: We propose an alternative measure to compare the sizes of the Chinese and American economy. The relevant exchange rate to compare both economies is the value of money in the Unites States divided by the value of money in China, taking into consideration the relationship between hours of labor.
Number of Pages in PDF File: 4 Keywords: value of money, purchasing power parity, pegged exchange rate, labor theory ovalue JEL Classification: F41, E44 working papers seriesDate posted: March 31, 2011Suggested CitationContact Information
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