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The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation...
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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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