What is the Size of the Chinese Economy?
Leonardo Cruz Basso
Mackenzie Presbiterian University - Business Administration
March 29, 2011
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, E44working papers series
Date posted: March 31, 2011
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