Wednesday, October 8, 2014

Oct 8

Commercial Day

GDP: Gross Domestic Product, the total $ made in a country

PPP: Purchasing Power parity.  The amount of money something costs adjusted for GDP and exchange rates.

Big Mac PPP worldwide. LINK

Where are Big Macs relatively cheap?  Expensive?  Why?


Notes/discuss Economics and Economic freedom.  Work sheets on global economics. 

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