Big Mac Index
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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, created in 1986, takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.
In 2018, McDonald's, to celebrate the 50th anniversary of Big Mac, issued a currency named MacCoin. Each MacCoin was redeemable for one free Big Mac and could not be turned into cash. MacCoin was redeemable in more than 50 countries but only until the end of 2018.
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See also
- KFC Index
- Golden Arches Theory of Conflict Prevention
- Christmas Price Index
- Recession index
- List of unusual units of measurement
- List of humorous units of measurement
- Banana equivalent dose
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