Given that McDonald’s is one of the biggest companies in the world and the Big Mac is widely available globally, it means that the famous burger can be used as a basic goods comparison between most countries. In other words, it helps illustrate the idea that market exchange rates between countries may be “out of whack” when compared to the cost of buying the same basket of goods and services in those places. It is intended to be a lighthearted way to demonstrate the concept of purchasing power parity. The Big Mac Index was invented by The Economist in 1986. dollar price of a Big Mac in select countries around the world. Spanning from 2004-2022, this animation from James Eagle shows the U.S. However, the price you pay will vary based on where you are, as evidenced by the Big Mac Index. the following year, and today you can buy one in more than 70 countries. The Big Mac was created in 1967 by Jim Delligati, a McDonald’s franchise owner in Pennsylvania. The Big Mac Index: A Measure of PPP and Burger Inflation
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