The Big Mac Index Is Compiled By

question 4

Multiple Choice

The Big Mac index is compiled by:

• A) the Financial Times.
• B) The Wall Street Journal.
• C) The American Economic Review.
• D) The Economist.
• E) Forbes.

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Definitions:

Inflation Rate

The speed at which the overall price level for products and services increases, diminishing the buying power.

Hourly Rate

The amount of money paid or charged for one hour of labor or service.

Compounded Semi-annually

The process of calculating interest on the principal balance and previously earned interest every six months.

GIC

A finance option available in Canada, the Guaranteed Investment Certificate provides investors with a secured rate of return over an established time period.