Top Ten Armies of the World

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Arditi RE:Top Ten Armies of the World- check the source 3/12/2004 6:35:52 PM

The problem is that you can research a dozen links and come up with a dozen answers. Which method of measurement is being used? I have no doubt that you can find a Website that inevitably proves your point. I suspect that if you are looking at an indicator that shows the UK higher than Italy than you are looking at data from the World Bank (World Development Indicator Data Base). NOT A GOOD OR RELIABLE SOURCE - but then again, that is my opinion. In addition, are we measuring Aggregate GDP (what I am referring to) or PPP GDP, or GNI Atlas Method, or GNI PPP Atlas Method. Do you see my point?

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Arditi RE:Top Ten ... economies it would seem 3/12/2004 6:41:21 PM

I have nothing against the Brits - other than the fact that they can neither dance nor cook. Someone once said that these were the only two measures of culture. I go to London once a year for 10 to 14 days attending Europe's finest Toy Soldier Show and that is the opinion that I have formulated.

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TOXICITEE RE:Top Ten Armies of the World- check the source 3/12/2004 6:50:53 PM

Britain is ahead of spain in every form of economic measurment (can't be sure of PPP, I didn't search this because it is a very unreliable) Instead of saying Everyones sources are not true, give us ur "proffesional" opinion and what is a trust worthy link. I mean if 9.9 out of 10 sites (official by the way) say the same thing... how far off could we be???

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TOXICITEE RE:Top Ten Armies of the World- check the source 3/12/2004 6:53:48 PM

Have you ever tried their fish? (maybe your not a fish eater...) or their "chipy" I believe it is called... much better than mcdonalds and burger king...

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Worcester RE:Top Ten Armies of the World- check the source 3/12/2004 7:05:52 PM

It's really very simple. National income is best expressed as GNP. This is everything produced plus investment income plus "invisible" exports (insurance, finance, etc.). If you use GDP then its like taking the US without Wall Street's foreign income or London without the City; some nations, such as the Netherlands have huge investment income in relation to their economy. Of course you count all of this, it's income. PPP is crap. Pure and simple. If you had $10,000 and lived in Botswana then your standard of living would be similar to having a $1,000,000 in the US. Because land is cheap, labor is cheap, and some food is cheaper; it's a method of comparing local living standards. For China it expalins why a worker earning $300 per month is not starving; because of the lower living costs, his $300 has a purchasing power of say $900 per month; but he doesn't earn $900, does he? Why is it crap? Because the Chinese worker would starve in any western country. Because you cannot repay a $1,000,000 loan with $10,000. Neither can you buy a military aircraft or a tank with PPP $. It's purely for comparing living standards adjusted for cheaper living costs; and to make poor countries feel richer.

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fall out RE:Top Ten Armies of the World- check the source 3/12/2004 7:08:24 PM

i am an econoimcs student and italy do not have a bigger economy than the UK by measuring either PPP (purchasing power parity) or real GDP. PPP figures: 1. United States $10,082,000,000,000 2. China $6,000,000,000,000 3. Japan $3,550,000,000,000 4. India $2,660,000,000,000 5. Germany $2,184,000,000,000 6. France $1,540,000,000,000 7. United Kingdom $1,520,000,000,000 8. Italy $1,438,000,000,000 9. Brazil $1,340,000,000,000 10. Russia $1,270,000,000,000 However these figures can be very misleading, for example many of those countries included do not have proper health and education systems, massive poverty, and on an individual basis, low SOL (standard of living). A more accurate depiction of the world's largest economies you must use the real GDP figures, these are: Total GDP 2002 (millions of Ranking Economy US dollars) 1 United States 10,416,818 2 Japan 3,978,782 3 Germany 1,976,240 4 United Kingdom 1,552,437 5 France 1,409,604 a 6 China 1,237,145 7 Italy 1,180,921 8 Canada 715,692 9 Spain 649,792 10 Mexico 637,205 11 India 515,012 12 Korea, Rep. 476,690 13 Brazil 452,387 14 Netherlands 413,741 15 Australia 410,590 link

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Worcester RE:Arditi: Big Mac 3/12/2004 7:09:45 PM

A Big Mac in Beijing is $1.29, similar to New York's $1.41. If an average Chinese worker earns $300 per month and a US worker earns $1,417 per month, who has the greater purchasing power - not in "parity" but in reality?

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Worcester RE:Top Ten Armies of the World- fall out 3/12/2004 7:13:42 PM

As an economics student you are awre that GNP is more important than GDP. The "D" in GDP means "domestic" and excludes foreign earned incomes. For countries with major financial centers and exports this is important.

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Arditi RE:Arditi: Big Mac 3/12/2004 7:15:21 PM

I guess all of you have proven my point - its not what you measure, but how you measure.

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TOXICITEE RE:Arditi: Big Mac 3/12/2004 7:19:15 PM

So....... how is it again spain will overtake britain's economy, in ANY form of measurment? Also, haven't worecter and fall out proven you wronf about Italy's economic position?

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TOXICITEE RE:Top Ten Armies of the World 3/12/2004 7:22:03 PM

Also if you go about 1 or 2 of my posts back you'll see I have asked you some questions that you have not acknowledged or answered.

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TOXICITEE RE:Top Ten Armies of the World- check the source 3/12/2004 7:22:55 PM

make it 3 back from the last post, sorry.

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Gray RE:unanswered questions 3/12/2004 7:40:01 PM

Toxicitee - calm down, dude!

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RM-Nod RE:Arditi: Big Mac 3/12/2004 9:21:48 PM

"I guess all of you have proven my point - its not what you measure, but how you measure " So? What does that actually have to do with your top ten armies of the world? Worcester brought up the point about your source (cia world factbook I think it was) not being as reliable which pertains to the topic we are/ were discussing. You then talked about not the sources of economical measures but different types. different economic measures (eg GDP vs PPP) can both be different yet have correct figures in them (though yours did not) whereas worcester was saying that your source on the top ten armies was plain wrong. So how exactly does anyone prove your point? Seeing how it was, if you take the logic path threw what you said, to prove that your world factbook source could in fact be correct.

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TOXICITEE RE:Top Ten Armies of the World 3/13/2004 9:25:36 AM

I'm calm,I just want him to answer my question(s), he seems to be avoiding my question so I shjould assume he is bluffing, but I am giving him a chance to prove himself. How can spain over take the u.k's economy in 6 years if spain is shrinking and the u.k is growing and is already has an economy 2.5 times larger? If spain was growing fast enough to be 2.5 times larger in 6 years (which it is not and is likley to be shrinking) it would be most likely the fastest growing economy in the world (again, which it is not). Artidi, how can you expect us to believe you if what you say is the opposite of what we find? Support your answer, don't just say you are a student of economics and expect us to believe you...

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