THE BIG MAC index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.
Burgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. Yet the Big Mac index has become a global standard, included in several economic textbooks and the subject of dozens of academic studies. For those who take their fast food more seriously, we also calculate a gourmet version of the index for 55 countries plus the euro area.
The GDP-adjusted index addresses the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower. PPP signals where exchange rates should be heading in the long run, as a country like China gets richer, but it says little about today's equilibrium rate. The relationship between prices and GDP per person may be a better guide to the current fair value of a currency.
Read more about the Big Mac index in “How big is China’s economy? Let the Big Mac decide”. You can also download the data or read the methodology behind the Big Mac index here.
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The Big Mac is celebrating its 50th birthday in the best way possible: Free burgers! Most fast food chains have their “thing.” Chick-Fil-A has their original chicken sandwich, Burger King has the Whopper and Wendy’s with their infamous Frosty. Big Mac sauce is incredibly creamy, with a sweet tang that adds just the right balance to a meaty griddled burger. It turns out that despite tasting similar to Thousand Island dressing, ketchup is nowhere to be found on the special sauce’s ingredient list. When we hear the words “free Big Mac,” angels start to sing. But pipe down, angels — we need to hear how we can get our hands on the iconic McDonald’s sandwich without spending a single dollar According to a July 29th McDonald’s tweet, the fast food chain will be handing out complimentary Bic Macs in celebration of the hamburger’s 50th birthday. Travis Scott Meal: Available in Restaurants, $6 in the McDonald’s App. Get all of Cactus.
Mcdonald's Big Mac Deal Today
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From full-height sidebars to refreshed toolbars, a clean new app design makes sure your content is always front and center.
A sleek design update makes getting to your favorite apps even easier. And a new uniform shape for app icons adds consistency while letting the personality of Mac shine through.
Control Center for Mac
Instantly access the controls you use most — like Wi-Fi and Bluetooth — and new controls to play music and enable Dark Mode for your display. Designed just for Mac, the new Control Center lets you add controls and drag favorites to the menu bar to customize it just for you.
Free Big Mac Day
Big Mac For Free Download
Sandbox free download. A new design combines notifications and widgets in a single view for more information at a glance. Notifications are now grouped by app, and many are interactive — letting you do things like play new podcast episodes or learn more about Calendar invitations. And redesigned widgets come in three different sizes, so you can create the best view for you.