The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides 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 takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.
Famous quotes containing the words big and/or index:
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crime if you know the reason if you know the motive
if you can understand the character if it is not a
normal one is not interesting a crime in itself is
not interesting it is only there and when it is there
everybody has to take notice of it. It is important
in that way but in every other way it is not
important.”
—Gertrude Stein (1874–1946)
“Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.”
—Nadine Gordimer (b. 1923)