Posts Tagged ‘undervalued’

  • minimum wage rates and Big Macs

    Purchasing Power

    Feb 22, 13 • 1140 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]