The Big Mac Index

Students examine the dollar price of different goods and how it should equalize across countries. Calculating exchange rates, they discover deviations that can occur from purchasing power parity. They explain how the relative prices of goods change between countries when the exchange rates increase or decrease.

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Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning
Usage Permissions
Fine Print: Educational Use