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Posts tagged Purchasing power parity
A Big Mac Update

If you have been abroad, at some point you probably had the same reaction we did:  How can things be so expensive?  Or, how can things be so cheap? Go out for pizza in Zurich, or a beer in Oslo, and you will have the first reaction. Try buying a cup of coffee in Mexico City or a souvenir in Buenos Aires, and you are likely to have the second...

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