ELI5: Explain Like I'm 5

Penn World Table

The Penn World Table is like a big chart that shows how much money people make in different countries and how much stuff costs in those countries. Think of it like a giant shopping list or a big comparison chart that helps people understand how much things cost in different places around the world. It's used by people who want to compare the economy of different countries and see how they are doing in terms of money and prices. It's really helpful for businesses and governments who want to make decisions about buying and selling things in different parts of the world. Overall, the Penn World Table helps people compare and understand the money and prices in different countries, just like how you might compare prices of toys at different stores!