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Kumar knows that he is intelligent and has been able to solve difficult situations since he was a young child. He is confident that he will be able to overcome obstacles in the future due to this ability. He knows that he is a caring individual and can point to many examples of comforting his sister while they were growing up. Kumar's self-concept has most likely achieved ______.
Big Mac Index
An informal measure of purchasing power parity between two currencies, calculated by comparing the price of a McDonald's Big Mac burger in different countries.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, adjusting for the cost of living and inflation rates to determine relative currency values.
Exchange Rates
The value of one currency for the purpose of conversion to another.
Real Income
The income of an individual or group after adjusting for inflation, representing the actual purchasing power.
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