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The Big Mac Index is basically based on the purchasing power parity theory. This seems like a complicated theory of exchange rates, and price levels, but in all actuality it is very simple. Purchasing power parity is an economic technique used when attempting to determine the relative values of two currencies...
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The Big Mac Index is basically based on the purchasing power parity theory. This seems like a complicated theory of exchange rates, and price levels, but in all actuality it is very simple. Purchasing power parity is an economic technique used when attempting to determine the relative values of two currencies...
Essay fragment
General points of the essay
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