April 2019
Intermediate to advanced
368 pages
12h 18m
English
After reading this chapter, you should be able to:
The Falafel Index, is the Middle East’s answer to the Big Mac Index. The Big Mac Index is a standard global tool for measuring purchasing power. This index determines the purchasing power of different currencies by comparing the prices of McDonald’s signature hamburger—the Big Mac in various countries across the world. This makes it a tool of comparison of the purchasing power of different currencies. ...