Download or read book Big Mac Index written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-02 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Big Mac Index Since 1986, The Economist has been publishing a price index known as the Big Mac Index. This index serves as an informal method of evaluating the purchasing power parity (PPP) between two currencies. Additionally, it serves as a test of the extent to which market exchange rates result in commodities costing the same in different nations. Essentially it "seeks to make exchange-rate theory a bit more digestible." Through the use of this index, the relative cost of purchasing a Big Mac, which is a hamburger that is sold in McDonald's restaurants, is compared across the globe. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Big Mac Index Chapter 2: Inflation Chapter 3: Fast-food restaurant Chapter 4: Purchasing power parity Chapter 5: Exchange rate Chapter 6: Big Mac Chapter 7: Balassa-Samuelson effect Chapter 8: Index (economics) Chapter 9: Law of one price Chapter 10: Penn effect Chapter 11: Marshall-Lerner condition Chapter 12: McDonald's Chapter 13: Revaluation Chapter 14: International dollar Chapter 15: Christmas Price Index Chapter 16: Currency intervention Chapter 17: Relative purchasing power parity Chapter 18: Fast food in China Chapter 19: Russian financial crisis (2014-2016) Chapter 20: KFC Index Chapter 21: Hyperinflation in Venezuela (II) Answering the public top questions about big mac index. (III) Real world examples for the usage of big mac index in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Big Mac Index.