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Hi could you please help me with that task, thank you BURGERNOMICS IS BASED ON THE THEORY OF PURCHASING POWER PARITY - THE NOTION THAT
Hi could you please help me with that task, thank you
BURGERNOMICS IS BASED ON THE THEORY OF PURCHASING POWER PARITY - THE NOTION THAT A DOLLAR SHOULD BUY THE SAME AMOUNT IN ALL COUNTRIES. COMPARE THE PURCHASING POWER OF THE COUNTRIES ON THE WORKSHEET AND HOW THE EXCHANGE RATE AND THE PRICE OF A BIG MAC VARY. USE GOOGLE SHEETS TO PERFORM YOUR ANALYSIS (ATTACHED) THEN, ANSWER THE FOLLOWING QUESTIONS (IN SHEETS):
- WHICH TWO COUNTRIES HAVE THE MOST EXPENSIVE BURGERS?
- WHICH TWO COUNTRIES HAVE THE CHEAPEST BURGERS?
- STATE TWO REASONS WHY YOU THINK THE PRICE OF BIG MAC'S VARIES AROUND THE WORLD?
- RESEARCH THE LATEST ON-LINE RESULTS USING THE BIG MAC INDEX AND REPORT THE TWO COUNTRIES WITH THE MOST EXPENSIVE AND THE CHEAPEST BURGERS? ( this article: https://www.economist.comews/2020/07/15/the-big-mac-index
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