To make a PPP adjustment for comparing GDP we build a basket of comparable goods and services and look at the prices of that basket in different countries. Purchasing Power Parity is the exchange rate needed for say $100 to buy the same quantity of products in each country.
C- <span>A letter from an American soldier describing why he supported the American Revolution</span>
<span>Al─Khwarizmi wrote an algebra textbook that was the standard for centuries during the golden age of islam :)</span>
Constantinople briefly served as the capital but was quickly conquered by the Persians.
First <span>the capitalist world was in the great economic depression.
Second "</span><span>decline” took place in the 1970s and 80s during which the international competitiveness of U.S. commodities and capital decreased drastically.
Third </span><span>“decline” occurred during the recent financial crisis.
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Reasons Why
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* </span><span>first two “declines”, the United States entered a new stage of economic growth through reform and innovation. There are still lots of uncertainties whether the U.S. economy would be able to recover this time, but it seems certain that one, the United States has fallen from the peak of economic hegemony and it is unable to change the trend of plural development of the world economy in the 21st century even if its economy could resurge, and two, the U.S. economy remains strong and will witness a fairly long period of development in the wake of fresh scientific and technological revolution.
HOPE I HELPED</span>
