Sunday, 23 October 2011

Beerflation

One of the ways we measure well-being is through purchasing power. There are a lot of unusual measures of purchasing power; possibly the most famous is The Economist’s Big Mac Index, which measures the price of a Big Mac in different countries as a way of checking to see if reported exchange rates are correct. [...]

Source: http://thebadeconomist.com/2011/02/26/beerflation/

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