Wednesday, 15 February 2017

Relevance of Big Mac Index

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Explore the relevance and accuracy of the Big Mac Index as a way to measure a currency"s value.
-compare with Purchasing power parity
Research question: How relevant and accurate is the Big Mac Index in a modern and globalized economy?

the idea is to explore why the BMI is no longer a precise indicator of a currency"s purchasing power and explore the reasons why.

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