![]() ![]() For example, in Africa McDonald's is only present in Morocco, Egypt and South Africa (there has been a similar index created solely for Africa called the 'KFC Index': as the name suggests, instead of using a Big Mac, this index uses KFC's Original 15 pc. How should this influence your decision to work and save in Japan?Ī) You should be discouraged as the growing Canadian preference for Japanese goods should increase the value of the yen to the dollar and decrease the value of your savings when converted to dollars.ī) You should be discouraged as the growing Canadian preference for Japanese goods should decrease the value of the yen to the dollar and decrease the value of your savings when converted to dollars.Ĭ) You should be encouraged as the growing Canadian preference for Japanese goods should decrease the value of the yen to the dollar and raise the value of your savings when converted to dollars.ĭ) You should be encouraged as the growing Canadian preference for Japanese goods should increase the value of the yen to the dollar and raise the value of your savings when converted to dollars. The Big Mac Index is limited by geographical coverage, due to the presence of the McDonald's franchise. Big Mac PPP: The Big Mac PPP is a survey done by The Economist that determines what a country's exchange rate would have to be for a Big Mac in that country to cost the same as it does in the. At the time of your move, economists predict that consumers in Canada have reignited their love of Japanese products, especially hybrid cars, and expect that this strong preference for Japanese products will continue for the next decade. 5) You decide to work in Japan for the next 10 years, accumulate some savings, then move back to Canada and convert your savings from yen to dollars.
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