Originally Posted by dkw
You have yet to convince us that the methology is valid. Numbers are just numbers and does not reflect the real situation. Definition of GDP can be found here and in general it consists of Private Consumption, Investments, Government Expenditure and Net Exports in short. Country A can have high investments, government expenditure, net exports but super low wages and overemployed employees while Country B have much higher wages and same GDP as Country A. With the same transport cost, Country B's workers can of course be able to afford it more easily and perceived it as cheaper as when compared to Country A.
Please, if like that you calculate affordability, then those who have PHD, Masters in Financial and Economic studies, no need to work liao. But of course, numbers are deceiving end of the day. No need to compare to other countries, the price are OK now as indeed SMRT produce SGD127million profits in the latest financial year release.