It Briefly Describes Bic Mac Index The history of the Bic Mac index started with Economist since 1956 and published annually. It is termed as a natural indicator of an economy person’s buying ability or Purchasing Power Parity (PPP) amongst countries and economies.
What is the difference between Gross Domestic Product/Income and Purchasing Power Parity?
1. What is the difference between Gross Domestic Product/Income and Purchasing Power Parity? 2. Why understanding the difference between GDP and PPP is important for comparing the development level of countries