Multiple Choice
Why has the newsmagazine The Economist selected McDonald's Big Mac as a proxy for a "basket of goods" in publishing its own version of the PPP theorem?
A) Because McDonald's holds the title rights for the index till 2015
B) Because Big Mac is produced according to the same recipe in about 120 countries
C) Because Big Mac is the most popular hamburger in the world
D) Because no other product is available in all countries of the world
Correct Answer:
Verified
Correct Answer:
Verified
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