UNIVERSITY OF MOLDOVA FACULTY OF ECONOMICAL SCIENCE Big Mac Currencies (The 2002 Big Mac Index) Foundation of Economics Economics Efficiency International Investments Presentation Paper October 19‚ 2012 Chisinau 2012 Foundation of Economics THE BIG MAC index The Big Mac is the world’s most popular sandwich‚ was created in 1968 by a McDonald’s franchise in Pittsburgh‚ Pennsylvania. While most people see the Big
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The Human Development Index (HDI) is a composite statistic of life expectancy‚ education‚ and income indices to rank countries into four tiers of human development. These had the explicit purpose "to shift the focus of development economics from national income accounting to people centred policies". A simple composite measure of human development was needed in order to convince the public‚ academics‚ and policy-makers that they can and should evaluate development not only by economic advances but
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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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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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Big Mac Index The McDonald’s corporation – “McDonald ’s is the leading global food-service retailer with more than 34‚000 local restaurants serving nearly 69 million people in 118 countries each day” (McDonalds Corporation‚ 2014). The statistics alone are impressive for a company that started as a single restaurant in Des Plaines‚ IA in April‚ 1955 (McDonalds Corporation‚ 2014). Even more impressive is the influence McDonald’s has on global economic forecasting by virtue of its signature sandwich
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PEDIATRIC MINI REVIEW Body mass index in children and adolescents: considerations for population-based applications A Must1‚2 and SE Anderson2 1 2 Department of Public Health and Family Medicine‚ Tufts University School of Medicine‚ Boston‚ MA‚ USA and The Friedman School of Nutrition Science and Policy‚ Tufts University‚ Boston‚ MA‚ USA International Journal of Obesity (2006) 30‚ 590–594. doi:10.1038/sj.ijo.0803300 Keywords: review; body mass index; pediatrics; BMI z-score; overweight
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sustainable manner. Human development therefore focuses on people and the satisfaction of their basic needs. Human Development Index The United Nations Development Program (UNDP) is regularly publishing their global Human Development Reports (HDRs) since 1990 to measure the country’s in human development through Human Development Index (HDI). The HDI is a summary composite index that measures a country’s average achievements in terms of three basic aspects of human development: longevity‚ knowledge
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What is HDI? HDI (Human Development index) is a way of measuring development by combining indicators of life expectancy‚ educational attainment and income. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country stands in relation to these goalposts‚ expressed as a value between 0 and 1. It is
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Winfield | | | Body mass index or (BMI) is a key index that relates a person’s body weight to their height. The body mass index is a person’s weight in kilograms divided by their height in meters squared. The National Institute of Health uses the body mass index to define normal weight‚ overweight and obesity. Overweight is considered is a person having a body mass index of 27.3% or more for women and 27.8 % or more for men. Obesity using the BMI index is defined as a BMI of 30 and above
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Human Development Index (HDI) The first Human Development Report introduced a new way of measuring development by combining indicators of life expectancy‚ educational attainment and income into a composite human development index‚ the HDI. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country
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