The Litre of Milk Index
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The Litre of Milk Index


  • GCSE, GNVQ, A-level, A2
  • 504

Short excerpt:

The Big Mac Index philosophy focuses conversion of currencies based on purchasing power parity. In our case, milk as a basic commodity is used to establish the currency relations against the US dollar. The idea is that depending upon the milk cost at local levels currencies should adjust in their valuation with each other.

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