What does burgernomics mean?

burgernomics meaning in Law Dictionary

The Big Mac Index is published by The Economist as an informal way of calculating the buying power parity (PPP) between two currencies and offers a test of the extent that market trade rates bring about goods costing similar in different countries.

burgernomics meaning in Business Dictionary

A slang term first found in The Economist in 1986 to spell it out a theoretical change rate. It utilizes the buying energy parity (PPP) associated with the Big Mac evaluate the purchasing energy between nations. Burgernomics compares prices and indicates if a currency is under-valued or over-valued.