Friday, August 25, 2017

Malaysia's GDP Should Be Measured In Both Dollars And Ringgit, Of Course

Which economic statistic we use depends on what we're trying to work out. We can usefully measure the Malaysian economy in US dollars or ringgit, dependent upon what we want to look at--only this proposal, US $ at market exchange rates is the least useful of the possible variations.

from Forbes Real Time //www.forbes.com/sites/timworstall/2017/08/25/malaysias-gdp-should-be-measured-in-both-dollars-and-ringgit-of-course/
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