Friday, March 07, 2008

Big Mac Index

In a rather creative approach to understand the value of the dollar, some fatty economist devised a Big Mac index, showing what a Big Mac would cost around the world once you convert the local selling price into USD...

Five most expensive
1) Iceland - US 7.44
2) Norway - US 6.63
3) Switzerland - US 5.05
4) Denmark - US 4.84
5) Sweden - US 4.59

Five most affordable
1) China - US 1.41
2) Hong Kong - US 1.54
3) Malaysia - US 1.57
4) Venezuela - US 1.58
5) Egypt - US 1.60

In other news I have eaten at Mcdonalds in two of the 10 markets listed above and fully agree. I think I paid close to $16 for a McChiken "Value" meal in Zurich and about $3.50 for a McArabia meal in Cairo.

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