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Delvig [45]
3 years ago
6

Why is the price of a McDonald's Big Mac a good measure of purchasing power?

English
1 answer:
Cerrena [4.2K]3 years ago
7 0

Answer: the price of a Big Mac reflects a number of local economic factors, ranging from the cost of the ingredients to the cost of local production and advertising.

Explanation:The resulting PPP metric is, therefore considered by many economists to be a reasonable measurement of real-world purchasing power.

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