1. Education
Jodi Beggs

The Big Mac Index Goes Interactive...

By February 18, 2013

Follow me on:

For a while now, The Economist has published what it refers to as the Big Mac Index- a comparison of the cost (in a common currency) of a Big Mac in different countries in the world. This index is a good lesson in purchasing-power parity, or, rather, the lack thereof, since the cost of a Big Mac differs considerably by country, even when normalizing for currency. The index also provides a good opportunity to think about real exchange rates and what they represent.

This year, the Big Mac Index has gone high tech, and it has a bunch of fun interactive features that you can check out when you feel like getting your nerd on. Also, if you want to think more about the rationale behind purchasing-power parity, there is a great lesson to be learned from the case of Norwegian diapers. No, really.


January 2, 2014 at 2:30 am
(1) Kraig says:

Good post however I was wondering if you could write
a litte more on this subject? I’d be very grateful if you could elaborate a little
bit more. Cheers!

Also visit my site: <a href=”http://independent.academia.edu/Pennya/Posts/752952/br–br–br-When-I-tell-you…-As-a-working-Father-of-five-I-m-constantly-looking-for-the-shortcuts.-”>Kraig</a>

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

©2014 About.com. All rights reserved.