Friday, May 28, 2004
Le Big Mac
he economist has just published their annual Big Mac Index. The Big Mac Index attempts to measure the the relative purchasing power of different countries by comparing the price of some good that incorporates as many different parts of an economy as possible, yet is common enough that it's everywhere and made the same way everywhere. The good that the Economist chose for this task, although originally somewhat jokingly, is the Big Mac.
Some interesting results from this year's Big Mac Purchasing Power Parity. When normalized using the Big Mac Index the world's biggest economies are 1. US 2. China 3. Japan 4. India 5. Germany. 1/3 of the world's growth came from China and 13% from the US.
Click on over and read the whole thing.
Comments(0) |
he economist has just published their annual Big Mac Index. The Big Mac Index attempts to measure the the relative purchasing power of different countries by comparing the price of some good that incorporates as many different parts of an economy as possible, yet is common enough that it's everywhere and made the same way everywhere. The good that the Economist chose for this task, although originally somewhat jokingly, is the Big Mac.
Some interesting results from this year's Big Mac Purchasing Power Parity. When normalized using the Big Mac Index the world's biggest economies are 1. US 2. China 3. Japan 4. India 5. Germany. 1/3 of the world's growth came from China and 13% from the US.
Click on over and read the whole thing.
Comments(0) |
