Foodiggity

  • Blog
    • Bacon ‘n Stuff
    • Beer
    • Because Japan
    • Featured Originals
    • Food Art Friday
  • About
  • Contact
  • Archive
  • Shop
  • Toggle Mobile Menu
  • Toggle Search
  • Twitter
  • Facebook
  • Pinterest
  • Photos
  • RSS

Big Mac-onomics: What the Burger’s Price Says About World Currencies

August 1, 2011 by Chris Durso

Described as “a fun guide to whether currencies are at their ‘correct’ level”, the Economist created the Big Mac Index — yes, as in the hamburger.

The index is based on the theory of purchasing power parity (PPP), and that the price of a McDonald’s Big Mac in a particular country has a direct correlation to the value of their currency in relation to the U.S. Dollar.

Did you get all that?… Good, now explain it to me.

Original Big Mac Index here.

Filed Under: Daily Links Tagged With: big mac, economics, infographic, McDonald's

Comments

  1. Wdrake3 says

    August 1, 2011 at 4:32 pm

    So, it sounds like McDonald’s has a formula for pricing their Big Mac’s based on the local currency of each national market, therefor making it easy for them to be a global business and still be able to focus on business back in their American headquarters in Illinois.

Custom Stickers, Die Cut Stickers, Bumper Stickers - Sticker Mule

Foodiggity on Facebook

Tags

advertising art bacon baking bbq beer booze breakfast burger cake candy cereal cheeseburger chocolate coffee cookies cooking cupcakes design dessert fashion food art graphic design halloween how to ice cream illustration japan McDonald's meat movies music oreos packaging painting photography pizza sculpture shop star wars sushi video wine wtf youtube

Creative Commons License
This work by Foodiggity is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

Trending Posts

  • Your Kitchen Is Trying To Kill You, An Infographic
    Your Kitchen Is Trying To Kill You, An Infographic
  • Michelangelo’s David Comes To America, Gets Fat
    Michelangelo’s David Comes To America, Gets Fat
  • Create Your Own Muppet
    Create Your Own Muppet

Who, What, Where?

  • Home
  • About
  • Contact
  • Privacy Policy
  • Shop

    About

    Foodiggity is here to provide the best in food culture, news, products, and other food-related nonsense.

    Copyright ©2018 Foodiggity