Swiss Economicblogs.org
On 10 January 2019, the Economist came out with its latest Big Mac index. Also known as the burger benchmark, the index compares the price of a Big Mac around the world. © Kevkhiev Yury | Dreamstime.com The index uses the burger to compare the relative purchasing power of different currencies. Countries where Big Macs cost less than in the United States (in US$ terms) are deemed to have weak currencies, and those where they are more expensive are considered to have overvalued currencies. In...
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