DEFINITION of 'Burgernomics'

An economics term made popular by the Big Mac Index published by The Economist. Burgernomics makes reference to the idea of the Big Mac PPP, which examines the purchasing power parity between nations, using the cost of a Big Mac as the benchmark.

BREAKING DOWN 'Burgernomics'

The Big Mac index was first published in 1986 as a tongue-in-cheek example of PPP across nations. Today the term burgernomics is commonly used by economists when referring to the Big Mac PPP.

  1. Purchasing Power

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  3. Starbucks Index

    A representation of purchasing power parity published by The ...
  4. Purchasing Power Parity - PPP

    An economic theory that estimates the amount of adjustment needed ...
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    An expansion of the purchase power parity theory, which suggests ...
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    A survey done by The Economist that determines what a country's ...
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