Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun An
informal measurement of thepurchasing power parity betweencurrencies , based on the price of aBig Mac in variouscountries .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Known as "burgernomics", the index was devised in a widely-cited paper by Pam Woodall and has been running since 1986.
The Full Feed from HuffingtonPost.com Michael Rundle 2012
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John Vause gives us a lesson in burgernomics, when we return.
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The Economist commented: Many readers will find burgernomics and lattenomics hard to swallow.
Archive 2006-06-01 Sun Bin 2006
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The Economist commented: Many readers will find burgernomics and lattenomics hard to swallow.
Indicators for exchange rate: is RMB under-valued? Sun Bin 2006
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However, burgernomics does support claims that Argentina's government is cooking the books.
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If you find the theory of price indices hard to digest, why not rely on simple burgernomics?
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Inspired by The Economist's 'burgernomics' Big Mac index, French market analysts Gira Conseil have launched the 'buttered-ham sandwich' index, to compare prices of the country's enduring ham and butter sandwich, and in this challenging economic climate, to obtain a strong understanding of buying power in France.
BakeryAndSnacks RSS 2009
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- Inspired by The Economist's 'burgernomics' Big Mac index, French market analysts Gira Conseil have launched the 'buttered-ham sandwich' index, to compare prices of the country's enduring ham and butter sandwich, and in this challenging economic climate, to obtain a strong understanding of buying power in France.
BakeryAndSnacks RSS 2009
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Inspired by The Economist's 'burgernomics' Big Mac index, French market analysts Gira Conseil have launched the 'buttered-ham sandwich' index, to compare prices of the country's enduring ham and butter sandwich, and in this challenging economic climate, to obtain a strong understanding of buying power in France.
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Inspired by The Economist's 'burgernomics' Big Mac index, French market analysts Gira Conseil have launched the 'buttered-ham sandwich' index, to compare prices of the country's enduring ham and butter sandwich, and in this challenging economic climate, to obtain a strong understanding of buying power in France.
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Burgernomics—the study of the Big Mac index—can give an informal measure of the PPP. Like most other sandwiches, the Big Mac doesn't travel well in its final form so it's not exported. Most of its price depends on local labor and restaurant rental costs. Since labor in China is less expensive, the Big Mac costs less to produce one unit than it does in the United States. The Big Mac Index will tell you a lot about a country's cost of living. If you want to live cheap, and you can move to any country in the world, use the Big Mac Index.
Why Does a Big Mac Cost a Lot Less in China? learn about our financial review board 2021
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