Big Mac Index - Purchasing Power Parity | Understanding Undervaluation of Currency (Economics)

Dr. Manishika Jain explains Big Mac Index - Purchasing Power Parity | Understanding Undervaluation of Currency The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. Prepare for Indian Economic Services - https://www.doorsteptutor.com/Exams/IEcoS/ NTA NET Economics - https://www.doorsteptutor.com/Exams/UGC/Economics/ More interesting topics subscribe at TestPrep: https://www.youtube.com/c/TestPrep NCERT, Yojana, Kurukshetra, Down to Earth, Science, Social Studies and More interesting topics subscribe at ExamraceHindi: https://www.youtube.com/c/ExamraceHindi For kids videos subscribe to FunProf: https://www.youtube.com/c/FunProf For Science Class 11-12 and important topics subscribe to DoorStepTutor: https://www.youtube.com/c/DoorstepTutor Purchasing Power Parity @0:30 The Big Mac Index @0:48 Small Change in Ingredient @1:03 Cost of the Production @1:06 Official Exchange Rate @1:57 Future Exchange Rate Movement @2:37 #Advertisement #Production #Nation #Ingredient #Parity #Economic #Purchasing #Measure #Currencies #Manishika #Examrace #examrace #upsc #ugcnet