BigMac2003               package:alr3               R Documentation

_W_o_r_l_d _c_i_t_i_e_s _d_a_t_a

_D_e_s_c_r_i_p_t_i_o_n:

     Prices in many world cities from a 2003 Union Bank of Switzerland
     report.

_F_o_r_m_a_t:

     This data frame contains the following columns:

     _C_i_t_y Name of City

     _B_i_g_M_a_c Minutes of labor to purchase a Big Mac 

     _B_r_e_a_d Minutes of labor to purchase 1 kg of bread

     _R_i_c_e Minutes of labor to purchase 1 kg of rice

     _F_o_o_d_I_n_d_e_x Food price index (Zurich=100)

     _B_u_s Cost in US dollars for a one-way 10 km ticket

     _A_p_t Normal rent (US dollars) of a 3 room apartment

     _T_e_a_c_h_G_I Primary teacher's gross income, 1000s of US dollars

     _T_e_a_c_h_N_I Primary teacher's net income, 1000s of US dollars

     _T_a_x_R_a_t_e Tax rate paid by a primary teacher

     _T_e_a_c_h_H_o_u_r_s Primary teacher's hours of work per week:

_S_o_u_r_c_e:

     Union Bank of Switzerland report, _Prices and Earnings Around the
     Globe_ (2003 version), from <URL:
     http://www.ubs.com/1/e/ubs_ch/wealth_mgmt_ch/research.html>.

_R_e_f_e_r_e_n_c_e_s:

     Weisberg, S. (2005).  _Applied Linear Regression_, 3rd edition.
     New York: Wiley, Problem 7.5.

_E_x_a_m_p_l_e_s:

     data(BigMac2003)

