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"You have a freshman level understanding of exchange rates."

Please attack my arguments rather than insulting me personally.

"The beijing haircut indeed produces less value on average than the British haircut."

I get some of my hair cuts in Croydon, and some in Beijing. They are all of the same economic value. But the ones in Croydon contribute more to GDP measures.




Sorry, my comment was meant to be informative and is in no way an attack. I don't have anything more to say, if you want to know more, take a class.




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