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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

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