BURGERNOMICS
Burgernomics: translation
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.
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.