Go to The Economist website and explore the Big Mac indexLinks to an external site.. Focus on what it tells you about PPP and the relative prices between Thailand and the United States.

Determine whether the Big Mac index supports the theory of PPP. Analyze the essential way the IFE is reflected in the different prices on The Big Mac index from country to country. Elaborate on the correlations between inflation and index prices, and the correlations between personal incomes and prices.

Answer rating: 100% (QA)

Here are the key findings from exploring the Big Mac Index on The Economist website The Big Mac Inde... View the full answer