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Define purchasing power parity and the big mac index

Task: Purchasing power parity (PPP) and the Big Mac index

Define and explain the global financing and exchange rate on the topic : Purchasing power parity (PPP) and the Big Mac index

Q1. Define Purchasing power parity (PPP) and the Big Mac index

Q2. Explain how Purchasing Power Parity (PPP)and the Big Mac index are used in global financing operations and describe the importance in managing risks.

Organize the solution in terms of an introduction, body, and summary/conclusion.

Need references in APA Format.

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