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About: Big Mac Index     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEconomicIndicators, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:Abstraction100002137yago:Communication100033020yago:Fact106636259yago:Index106639674yago:Index113851067yago:Information106634376yago:Measure100033615yago:Message106598915yago:Scale113850304yago:Standard107260623yago:SystemOfMeasurement113577171yago:WikicatEconomicGlobalizationIndicesyago:WikicatEconomicIndicators New Facet based on Instances of this Class

The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible." The index compares the relative price worldwide to purchase the Big Mac, a hamburger sold at McDonald's restaurants.