The Big Mac Index Compares Purchasing Power Between Countries

 - Jan 22, 2012
References: onlinemba & holykaw.alltop
The Big Mac Index is a system of determining the value of two currencies by comparing the price of a Big Mac from McDonald's in either country, and has been visualized in this infographic by, a site dedicated to providing resources to students pursuing their MBA online. Also known as "burgernomics," the concept was introduced in 1986 by The Economist magazine and is a way of measuring purchasing power.

The most expensive place to purchase a Big Mac is in Norway, at $7.20, while the cheapest is in Ukraine, at $1.84. According to the Big Mac Index, "most emerging-market currencies are significantly undervalued," and the infographic also includes an alternative index that calculates the amount of time the average worker in a certain country would need to work in order to afford a Big Mac.