Question:

If you could do your own 'Big Mac' Index, how would you do it and why?

Tip: You do not need to actually do the index. This is just a discussion of what kind of index one could create in order to check whether parity conditions exist between countries. So think about a product that is the same everywhere, across countries and how you could look at the price of these products and compare then in terms of exchange rates to see if parity conditions hold.

For example: soccer balls, or coke?

Find other indices that have been created like this and share the links.

For example there was a caf latte and coke index created. They looked at the price of these items in different countries and compared the prices using the exchange rate to see if there were any disparities.