Monday, April 9, 2012

Indonesia-Canada Price Comparison


I am preparing my talk at the Politeknik UI (Universitas Indonesia) next week on Monday, 16 April 2012. One slide I wanted to share with you is the price comparison table I made.

The most important information is the CDN:INA Purchasing Power Ratio. It is the ratio of the number of same goods purchased with Canadian salary to Indonesian salary. When the Purchasing Power Ratio says "4.2:1", it means the Canadian salary can buy the same item 4.2 times more than the Indonesian salary can for that particular item. It is quite telling.

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