Ukrainian Burger

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Law Of Value - Modification of The Law of Value in The World Market - Hamburger Example
... Nominally, the Norwegian burger therefore costs four times the Ukrainian one, if one works with a US dollar valuation ... When, however, one adjusts for purchasing power parity, the Norwegian burger is worth about $4.93 and the Ukrainian burger is worth about $5.25 ... VAT on the Norwegian burger is 14% and VAT on the Ukrainian burger is 20% so the Norwegian burger before indirect tax imposts costs $4.24 and the ...