Estimating the Purchasing Power Parity (PPP) of currencies using the Big Mac Index™ Table of Contents 1. Introduction 2. Purchasing Power Parity and Theory of one Price 3. Over/Under Valuation of currencies against the Dollar 5. Comparative analysis of the most overvalued to the most undervalued 6. Observation and Alternative indexes 7. Limitations 8. Appendix INTRODUCTION Purchasing power parity (PPP) is an important and critical topic in international economics. It arises when the
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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 (kg) divided by their height in meters (m) 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‚ which is
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The body mass index (BMI)‚ or Quetelet index‚ is a measure for human body shape based on an individual’s mass and height. Devised between 1830 and 1850 by the Belgian polymath Adolphe Quetelet during the course of developing "social physics"‚[2] it is defined as the individual’s body mass divided by the square of their height - with the value universally being given in units of kg/m2. † † The factor for UK/US units is more precisely 703.06957964‚ but that level of precision is not
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Consumer Price Index Consumer Price Index (CPI) in India comprises multiple series classified based on different economic groups. There are four series 1. CPI UNME (Urban Non-Manual Employee) 2. CPI AL (Agricultural Labourer) 3. CPI RL (Rural Labourer) 4. CPI IW (Industrial Worker) Central Statistical Organization is responsible for calculating and publishing the CPI UNME series‚ while Department of Labour is for others CPI indexes. All above CPI’s are calculated based on the base
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Inaccuracies of the Consumer Price Index(CPI) Aman Aggarwal Sept. 28‚ 1996 The Consumer Price Index is a measure of the prices of a fixed market basket of some 300 consumer goods and services purchased by a "typical" urban consumer. The 1982-1984 period serves as the base period so analysts can compare other year’s changes with this base period. The composition of the market basket is fixed in the base period and is assumed not to change from one period to another. The reason for the assumption
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What methods of Index Number calculation is used to calculate Cost of Living Index (CLI). An index number measures the relative change in the price‚ quantity‚ value or some other item of interest from one time period to another. It is found by calculating the ratio of the current value to the value at another time point or at a different geographical location. The different types of simple index that are used are - Price Relative‚ Quantity Relative‚ Value Relative. A price index is a weighted
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Consumer Price index- has absolutely no impact on prices‚ it will not change prices! Possible reasons for it to be inaccurate: 1) New products and technology- tendency to lag the advantage of a new technology. By the time they start incorporation the price it is already cheaper‚ but they use the higher price. This can cause a problem. 2) Quality of products changes- You may be getting more for your money. This can be a negative thing to because you could end up paying for things
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weight‚ overweight and obesity is reflected in Body Mass Index (BMI). Normal proof of body mass index or BMI is formulated by dividing your weight in kilograms by the square of your height in meters. This calculates your weight and height in the metric system. The official formula of BMI_703W/H2 is then used. In this formula‚ W is your weight in pounds‚ while your height in inches is substituted by H. Calculations for BMI or Body Mass Index can show the possibilities of my being normal‚ overweight
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Carmen Coronado iLab SCI 228 June 12‚ 2011 BMI Part 1 Define BMI-You must define BMI and not just as a general definition indicating its relationship to height and weight. Please also do not forget to define the actual term BMI! The body mass index (BMI) is of a measurement that was introduced in the early 19th century in order to categorize the entire population’s weight problems. The BMI is a statistic that is used to classify people’s weight as underweight‚ normal weight‚ overweight or obese
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have access to good lighting‚ and a mirror. Take out your lens case and solution for easy reach‚ and wash your hands thoroughly. Remember‚ your fingers need to be very clean to prevent irritation of your eyes. Use a clean towel to dry your hands after washing. Open the lens case‚ and gently grab the lens to place it on the tip of your index finger. Before you start trying to insert the lens you have to make sure it’s not inside out. The easiest way to see whether or not it’s right is to examine
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