Discussion - Big Mac Index, Purchasing Power Parity establishes

Discussion - Big Mac Index, Purchasing Power Parity establishes

Question # 00860027 Posted By: wildcraft Updated on: 09/05/2024 01:45 AM Due on: 09/05/2024
Subject Economics Topic General Economics Tutorials:
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Discussion

Big Mac Index

Purchasing Power Parity establishes an exchange rate that maintains purchasing power from one country to another. The Big Mac Index is a measure put out to calculate Purchasing Power Parity. For this discussion, your task is to: 

Read the following article about the Big Mac Index: 

https://www.economist.com/big-mac-index. It links to an external site.

1. Explain why the Big Mac is a good product to find PPP.

2. Explain why the exchange rate is not always in PPP.

 

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  1. wildcraft
    Tutorial # 00855528 Posted By: wildcraft Posted on: 09/05/2024 01:45 AM
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