BIG MAC INDEX WHAT IS A BIG MAC INDEX? The big Mac index is a theory dealing with PPP purchase power parity. The big Mac index was created by the Economist based on the Purchase Power theory‚ the first step understands what the Purchase power theory is. Here is a brief example to better understand the purchase power theory; suppose that one US dollar is currently in the market for ten Argentinean pesos. In the United States a soccer ball costs $40 while in Argentina they sell the same soccer
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of prices of a specified set of goods and services purchased by consumers. It is a price index that tracks the prices of a specified basket of consumer goods and services‚ providing a measure of inflation. \CPI is a fixed quantity price index and considered by some a cost of living index. Under CPI‚ an index is scaled so that it is equal to 100 at a chosen point in time‚ so that all other values of the index are a percentage relative to this one. Economists Shunmugam and Prasad say it is high time
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In creating the Freight Market Information for dry cargo indices‚ the Baltic Exchange currently requires its panellists to report their opinions based on the following ship definitions Capesize 172‚000 metric dwt‚ 190‚000 cbm grain‚ gearless Main Components Of A Vessel’s Costs For the purpose of estimating and accounting‚ the expenses of a vessel are usually divided into voyage costs and daily running costs. The former are those expenses which are incurred solely when a vessel is engaged
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Human development index The Human Development Index (HDI) is a comparative measure of life expectancy‚ literacy‚ education and standards of living for countries worldwide. It is a standard means of measuring well-being‚ especially child welfare. It is used to distinguish whether the country is a developed‚ a developing or an underdeveloped country‚ and also to measure the impact of economic policies on quality of life. The index was developed in 1990 by Pakistani economist Mahbub ul Haq and Indian economist Amartya
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or even polycarbonate‚ high index lenses are expensive. Because of their cost‚ it’s only natural that you would want to keep your high index lenses for as long as possible. Of course‚ the same is true for the frame as well. The longevity of your high index eyeglasses comes down to your selection of protective coatings for the lenses‚ your frame selection‚ and your use and care habits. Anti-Scratch Protective Coating High index lenses are made from high-refractive-index polymers. In other words‚ they’re
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Refractive Index of Perspex Aim: the aim of this experiment is to find the refractive index of Perspex. Tools: Pencil Graph Paper Perspex glass Pin Procedures: 1. 2. 3. 4. 5. 6. Ruler Styrofoam Paper Place an A4 paper over the Styrofoam‚ then Place the Perspex glass on the middle of the A4 paper and mark its place. Place a pin about away from the side of the Perspex glass‚ Draw six points about 10 degrees away from each other as labeled from 1-6 on
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New Series of Consumer Price Index Numbers for Industrial Workers on base 2001=100 1. OBJECTIVE Labour Bureau‚ since its inception‚ has‚ inter-alia‚ been entrusted with the responsibility of compilation and maintenance of the Consumer Price Index Numbers for Industrial Workers (CPI-IW). The CPI-IW purports to measure the temporal change in the retail prices of fixed basket of goods and services being consumed by the target group i.e. an average working class family and thus‚ is an important
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Sample Calculation of the Lincoln Index: n1= number of individuals initially caught‚ marked and released (in this case 30) n2= total number of individuals caught in the second sample (in this case 126) n3= number of marked individuals in the second sample (in this case 2) Therefore the population of seeds in this case was: Note: All the answers were rounded. Sample Calculation for finding an Average: Use the data of the Lincoln Index Answers. Add together all estimates of each trial for
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What is IIP? The Index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time‚ in comparison with a fixed reference point in the past. The IIP numbers‚ released every month in India‚ for instance‚ use 1993-94 as the base year for comparison. The IIP figures are generally seen as an important but short-term indicator of whether industrial activity in a country has risen or dipped‚ till more detailed studies or surveys are
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were at first listed with a total paid-up capital of 37 million rupees. The first index introduced in KSE was based on fifty companies and was called KSE 50 index. Trading used to be carried out on open out-cry system. With the enlargement in number of scheduled companies and trading activities‚ a dire need for a true representative index and computerization of trading activities was felt. As a result KSE 100 Index was introduced on November 1‚ 1991. Computerized trading system called Karachi Automated
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