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The nominal GDP, Purchasing Price Parity GDP and the Human Development Index are three indicators that...

The nominal GDP, Purchasing Price Parity GDP and the Human Development Index are three indicators that measure the size and health of a country’s economy.

Explain the differences between the three measurements. Contrast the 2018 nominal GDP vs the 2018 PPP GDP between the US, China and India (explain the gap between the nominal and PPP for China and India and the reason the nominal and PPP measures are the same for the US).   Define the HDI and the correct quadrants for the US, China and India based on the 2018 data.

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