Recent content by Bob Guercio

Gosh! I really don't know where to begin at this website. I only want to know if my logic is correct and if it is correct, why isn't the money that these people make expressed to us in a way we can understand. Perhaps $1.25 converted to their currency gives them the buying power of $75.00...

Hi All, I'm new on this forum and I'm here to ask questions since I know very little about economics. That said, I've often wondered exactly what it means when they say that somebody in an underdeveloped country makes $1.25 per day. As I understand it, they make a salary in their own...