Multiple Choice
What is the Big Mac Index?
A) It is a price index for the top 20 stocks traded internationally.
B) It reflects inflation trends through trade in laptop computers and international price competition.
C) It is an index of the price of McDonald's hamburgers quoted in one currency designed to measure whether absolute PPP holds for Big Macs.
D) It is a measure of unemployment in the service industries of poor nations where Western retailers such as McDonalds have infiltrated.
Correct Answer:
Verified
Correct Answer:
Verified
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