confused about the international dollar and US dollar?
I'm supposed to get values for the Real GDP (PPP in US$) and Real GDP per capita (PPP in US$) of the Philippines over a long time period. Now, I can't find anything in US$, only international dollars. I read on Wikipedia that it's a hypothetical unit of currency that has the same purchasing power as a US dollar in some point of time.
Does that mean I can get the values of GDP based on PPP in international dollars and say that it's the same as the Real GDP in US$?
I'd really appreciate your help. Thanks in advance! :D
- LawLessLv 49 years agoFavorite Answer
International dollar and US Dollar is same thing.
- Anonymous9 years ago
There is no international dollar.There is GDP in US$ at market price, and GDP inUS$ (PPP).PPP is based on the the price of US dollar.Nominal GDP/PPP is GDP (PPP in US$)