Big Mac or Le Big Mac?

The Big Mac index is a periodic survey made by The Economist to measure purchasing power parity between countries. It uses local Big Mac prices as the benchmark. The index was first introduced in 1986, and while it was a convenient way for the general public to understand the topic of purchasing power parity, its results were limited and unreliable. Purchasing Power Parity (PPP) According to economic theory (though it’s not a consensus), the exchange rate between two currencies is equal to the ratio

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