At the start of Feb 2025 USD was 100 RUB, a few days ago it was 85 RUB. Does this mean their nominal GDP grew by 15% in one month? In some cases it's fine to use Nominal GDP while in other cases, you should use GDP PPP…
At the start of Feb 2025 USD was 100 RUB, a few days ago it was 85 RUB. Does this mean their nominal GDP grew by 15% in one month? In some cases it's fine to use Nominal GDP while in other cases, you should use GDP PPP…