What does burgernomics mean?
Burgernomics means An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries..
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Pronunciation varies by accent · noun
An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries..
Burgernomics is based upon the theory of purchasing-power parity (PPP)...
Both The Economist's and Smart's study move at the intersection between burgernomics and burgerology. But they also move across each other and thereby point to a more general contrast.
Light-hearted burgernomics has become a matter of increasing academic interest and has spawned many articles and even a whole book by Ong (2003) of the International Monetary Fund.
Burgernomics hints that their currencies are a little overcooked.
Curiously, however, burgernomics has an impressive record in predicting exchange rates: currencies that show up as overvalued often tend to weaken in later years.
Use burgernomics when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Burgernomics means An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
Burgernomics is based upon the theory of purchasing-power parity (PPP)...
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