Posts Tagged ‘purchasing power’

  • McDonald's Delivers in Many Developing Nations.

    Purchasing Power

    Feb 22, 13 • 378 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other...  [read more]

  • Beer and pretzels.

    Beer Economics

    Nov 8, 12 • 564 Views • No Comments

    In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2 liter from a retailer. Their results?...  [read more]