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Purchasing Power Parity: used to measure the prices of specific goods in different countries relative to the purchasing power of that country’s currency.
Big Mac Index: simplifies the PPP calculation by using only the Big Mac as the measurement unit.
Purchasing Power Parity: used to measure the prices of specific goods in different countries relative to the purchasing power of that country’s currency.
Big Mac Index: simplifies the PPP calculation by using only the Big Mac as the measurement unit.