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world due to arbitrage. The popularity and following of the Big Mac Index led us to the following two questions: 1) How … Economist and from the World Bank for 54 countries. The importance of these findings lie on the widespread use of the index and …The Economist magazine has been publishing the Big Mac Index using it as a rule of thumb to determine the over- or …
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The Big Mac Index was introduced to (semi-humorously) test the theory of purchasing power parity and measure the … disparity in currency values. Instead, in this paper, we consider this index to find out the per capita real-income disparity …
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