donganaaK Posted December 21, 2014 Report Share Posted December 21, 2014 Link to comment Share on other sites More sharing options...
alpachinao Posted December 22, 2014 Report Share Posted December 22, 2014 How to understand the ratio given their Link to comment Share on other sites More sharing options...
micxas Posted December 22, 2014 Report Share Posted December 22, 2014 Question-- when there was no actual way to appraise the value of currency how come they compare two countries currency and GDP? in 18th and 19th centuries.. Doesn't look real, there was no way to calculate GDP india because it was ruled by multiple kings whom never cooperated with each other and also England started growing after Industrial revolution? Link to comment Share on other sites More sharing options...
donganaaK Posted December 22, 2014 Author Report Share Posted December 22, 2014 Question-- when there was no actual way to appraise the value of currency how come they compare two countries currency and GDP? in 18th and 19th centuries.. Doesn't look real, there was no way to calculate GDP india because it was ruled by multiple kings whom never cooperated with each other and also England started growing after Industrial revolution? i guess GDP is calculated by the value of total amount of goods manufactured in a year .. not by currency value .... yeah end of the its tough to calculate these figures ,.... Link to comment Share on other sites More sharing options...
micxas Posted December 22, 2014 Report Share Posted December 22, 2014 i guess GDP is calculated by the value of total amount of goods manufactured in a year .. not by currency value .... yeah end of the its tough to calculate these figures ,.... Yeah but its abt the income generated n expenditure...economy economy ante money ee kada, money ante currency now there is a way to compare UK pound to IND rupee, like 1 pound= x rupees, but back in 18th century etla compare chestam two economies and two currencies? there was no offcial way right? so that graph must be made by some :police: . Link to comment Share on other sites More sharing options...
ravula Posted December 22, 2014 Report Share Posted December 22, 2014 motham anni continents nundi dobbindru kada so anthe untadi valla GDP Link to comment Share on other sites More sharing options...
thedarkknight Posted December 22, 2014 Report Share Posted December 22, 2014 indis GDP would be higer than uks in 1700s i guess Link to comment Share on other sites More sharing options...
athletics Posted December 22, 2014 Report Share Posted December 22, 2014 The thing is whoever had the technogoly ruled the world and true to date.. No wonder britan had guns then and they ruled more than half the world Link to comment Share on other sites More sharing options...
donganaaK Posted December 22, 2014 Author Report Share Posted December 22, 2014 Yeah but its abt the income generated n expenditure...economy economy ante money ee kada, money ante currency now there is a way to compare UK pound to IND rupee, like 1 pound= x rupees, but back in 18th century etla compare chestam two economies and two currencies? there was no offcial way right? so that graph must be made by some :police: . I guess there is a way to estimate these figures , if u do a quick search u can see a ton of these estimates ..... I'm not exactly sure how it's done though http://en.m.wikipedia.org/wiki/List_of_regions_by_past_GDP_%28PPP%29_per_capita Link to comment Share on other sites More sharing options...
micxas Posted December 22, 2014 Report Share Posted December 22, 2014 I guess there is a way to estimate these figures , if u do a quick search u can see a ton of these estimates ..... I'm not exactly sure how it's done thoughhttp://en.m.wikipedia.org/wiki/List_of_regions_by_past_GDP_%28PPP%29_per_capita thanks, will check.. Link to comment Share on other sites More sharing options...
micxas Posted December 22, 2014 Report Share Posted December 22, 2014 The following estimates were made by the economic historian Paul Bairoch (*,):? Link to comment Share on other sites More sharing options...
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