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Big Mac Index - definition and synonyms

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noun
  1. From our crowdsourced Open Dictionary
    a set of figures which indicate the difference in purchasing power between two currencies. It is named after the Big Mac hamburger sold by McDonald's

    Coined 'Burgernomics,' the Big Mac Index has become a global standard of determining purchasing power between two currencies by comparing the cost of the McDonald's burger in any two countries.

    Submitted from United Kingdom on 20/01/2012
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