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Vol. 85, No. 6
Posted 2003-11-01

Burgernomics: A Big Mac™ Guide to Purchasing Power Parity

by Michael R. Pakko and Patricia S. Pollard

McEcon? What can two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun tell us about economics? Plenty. Economists Michael Pakko and Patricia Pollard use worldwide Big Mac prices to study the law of one price.

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