The Big Mac index was created by The Economist in 1986 as a lighthearted guide to whether
Question:
The Big Mac index was created by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. The file BigMacIndex201807 contains the dollar price
(rounded to two decimals) of a Big Mac burger in 56 countries as of July 2018.
a. Construct an ordered array.
b. Plot a percentage histogram.
c. What conclusions can you reach about the differences in prices among the countries?
Step by Step Answer:
Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
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