Big Mac Index Part 1

The Big Mac Index, created by the British weekly magazine The Economist in 1986, is an informal method of calculating purchasing power parity based on the price of a Big Mac in a specific country. The index compares different currencies to a chosen base currency. By comparing the purchasing power of this base currency with that of another currency, you can determine how much that currency is "really" worth and whether the exchange rate is too high or too low.

Part 1: Big Mac Index (4 points)

Tips and Remarks