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.

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RELATED FAQS
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    Learn which nations have the highest PPP with respect to the U.S. while reviewing the differences of calculating GDP in market ... Read Answer >>
  4. How important a metric is PPP (purchasing power parity?)

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