The interesting read of the Big Mac Index …

The interesting read of the Big Mac Index …

Now we all know that the Big Mac index, which was invented 1986 by The Economist, is a very simplified and blunt way of evaluating Purchasing Power Parity. Nevertheless, it is an easy to use method of putting current rates quickly into perspective. It is certainly lacking a lot of other important facts as it doesn’t adjust local labour or transport costs, local preferences, rent […]

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