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Fantom [35]
4 years ago
5

The “big Mac index” is one example of an?

Social Studies
1 answer:
lianna [129]4 years ago
8 0

The Big Mac Index is calculated by dividing the price of a Big Mac in one country by the price of a Big Mac in another country in their respective local currencies to arrive at an exchange rate. ... For example, suppose that a Big Mac in the U.S. costs one U.S. dollar and one in the eurozone costs two euros.

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