It was chosen because McDonalds is almost present in every country in the world and the ingredients of making a Big Mac stay pretty much the same. IT IS perhaps not surprising that the worstperforming major currency in the world this year is the Turkish lira.
Big Mac,Big Mac Index
The Big Mac index is a way of measuring Purchasing Power Parity PPP between different countries. It also includes the cost of renting space and equipment labor and other factors. 15 Citations 1 Mentions 731. It measures their value against. The Big Mac index was invented in 1986 by the magazine The Economist and considers the Big Mac hamburger sold in McDonalds as its basket of reference. Last Name 1 Students Name Professors Name Course Number Date BIG MAC INDEX AND THE BANK OF CANADA Introduction At the point when request is scant and occupations are being lost nobody savors solid cash. Our word of the day is Big Mac indexThe Big Mac index was devised. Heres how much a Big Mac costs in 21 countries. said Marcelo Pancotto professor at IAE in Buenos Aires. Big Mac contains meat vegetables cheese.