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Briefly discuss the history and purpose of the big mac inde

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Reference no: EM13334278

•Briefly discuss the history and purpose of the Big Mac Index. Where is it most expensive to buy a Big Mac? Where is it the least expensive to buy a Big Mac? .

  • What factors other than currency overvaluation and undervaluation might contribute to these differences? .


•Based on the theory of purchasing power parity, what is likely to happen to these currencies against the dollar in the next few years?

 

Reference no: EM13334278

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