Saturday 20th of May 2006
Big Mac Index
Burgernomics is based on the theory of purchasing-power parity, the notion that a dollar should buy the same amount in all countries. Thus in the long run, the exchange rate between two countries should move towards the rate that equalises the prices of an identical basket of goods and services in each country. Our "basket" is a McDonald's Big Mac, which is produced in about 120 countries. The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in America as abroad. Comparing actual exchange rates with PPPs


The experts analysis
Look at the Hooters on this
Should you forward this joke
Quotations about age aging growing older old age
Coming out of the closet
enjoyed the jokes?
treat John to a coffee
...and maybe a sticky bun :)
