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From The Economist
The Big Mac is much the same everywhere. But its price, interestingly, is not. A Big Mac in America costs $5.69. In the euro area, it costs the equivalent of $6.09. And in Taiwan, it costs only $2.28, less than half as much. This newspaper has been comparing the price of Big Macs since 1986. The aim is not (just) to find the best deal. It is also to test an important economic principle, known as purchasing-power parity.
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