What kind of purchasing power would it have had 60 years later in 2019? According to the CPI inflation calculator, what cost $50 in January 1959 would cost $444.78 in January 2020. If you were to buy the same products in 2020 and 1959, they would cost you $50 and $5.62 ...
The Big Mac Index In light of the Christmas season upon us (or just past us – depending on when you’re reading this), and the approaching New Years Eve celebrations, I thought it be appropriate to write about something a little more lightweight. And that is: purchasing power parity (P...
Looking at this table man can see why 1 USD worth much more in one country than in another country. Therefore, PPP reflects more of the living standards than the GDP in exchange rate. one gallon = 3.78541 liters List of gasoline prices in the world In China, USD $4.01/Gallon, $1.00/...