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Call governments or join rallies. We offer a variety of ways to make your voice heard. Meet other Global Citizens who care about the same issues you do. Keep updated on what they're doing to change the world. Find out more about Global Citizen. By Meghan Werft. Ever wonder why these products have such drastic variations in prices depending on where you are around the globe?
Enter—the Big Mac Index. It was started back in the s by The Economist as a fun way to get people to learn about how currencies are valued at different rates around the world. The cost of any good or service around the world is valued at different prices. When you buy foods using the yuan, US dollar, yen, sterling, peso, the euro or others, the reason they cost different amounts is based on a complex range of factors. At first, my mind jumps to comparing the prices of Big Macs between countries based on what a person using that currency can afford.
You have to look at GDP per capita gross domestic product. The Big Mac Index.
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Archived from the original on 1 November Retrieved Archived from the original on 6 May Sydney Morning Herald. Archived from the original on 19 May Hier kommt der Gold Mac Index: Der GMI von Gold. Archived from the original PDF on Microeconomics, 16th ed. McGraw Hill. Retrieved 10 June The New York Times. El Cronista in Spanish. Buenos Aires, Argentina. Retrieved 15 June Not really, as Australian version of burger downsized". The Advertiser Adelaide. Retrieved 3 November Golden arch removed from Reykjavik restaurant.
September Retrieved from " https: Hidden categories: Webarchive template wayback links CS1 German-language sources de CS1 Spanish-language sources es Use dmy dates from June Articles needing additional references from October All articles needing additional references All articles with unsourced statements Articles with unsourced statements from September Namespaces Article Talk. Views Read Edit View history. In other projects Wikimedia Commons. This post actually made my day. You can not imagine just how much time I had spent for this info! Keep up the good work!
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Did you know economists use the Big Mac to compare the value of global currencies?
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Creator of the McDonald's Big Mac dies
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