The Big Mac Index


Subject:
Economics , Money , Foreign Exchange Rates , Indicators & Statistics

Description:
"[The] Big Mac index is based on the theory of purchasing-power parity, under which exchange rates should adjust to equalise the cost of a basket of goods and services. ... Our basket is the Big Mac" (a hamburger produced by the fast-food chain, McDonald's). Includes comparisons of recent international Big Mac prices, a "Coca-Cola map of the world," and articles about McDonald's and fast food. From The Economist.

Publisher:
The Economist Newspaper Limited

Language:
English

Source:
http://www.economist.com/markets/Bigmac/


PID= res:lii-20904