PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (436616)	7/31/2003 2:18:39 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

Very good posting. Re: "...What do high and low wages mean? American workers are paid in dollars; Japanese workers are paid in yen. How do we compare wages in dollars with wages in yen? How many yen equal a dollar? What determines the exchange rate?" >>> There is always the 'Big Mac index', i.e., how much currency it takes to buy a hamburger. (Don't laugh, there are many countries where they sell for 'less' than they do in the States - on a dollar to dollar basis - but McDonald's is still making good profit on the sales. >>> That is one way to get an indication of imbalances in the 2-way exchange rate.

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