Chapter 6 - The Economic Determinants of Democracy and Dictatorship
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3 Terms
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PPP
________ estimates the price of a certain bundle of commodities in each nation using the local currency of that country.
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Big Mac index
The ________, popularized by the Economist magazine, is a simple example of a PPP metric.
3
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Gross domestic product
________ (GDP) is a metric that represents the value of all products and services generated in a nation over a given time period, generally a year.
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