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The Big Mac Index.

The "Big Mac Index" was devised in September 1986 by The Economist as an indicator of purchasing-power parity, by comparing the prices of hamburgers in different countries

As the graph showing comparisons from 2007 and 2012 shows, the comparative price of a Big Mac has risen at a fairly similar rate in most countries over the past five years, except for the UK--which has seen a comparative drop in price against the others.
2012 equivalent in US dollars/2007 equivalent in US dollars

 2007 price $ 2012 price $

Argentina $2.67 $4.64

Australia $2.95 $4.94

Brazil $3.61 $5.68

Canada $3.68 $4.63

Chile $2.97 $4.05

China $1.45 $2.44

Denmark $5.08 $5.37

Japan $2.29 $4.16

Sweden $4.86 $5.91

Switzerland $5.20 $6.81

USA $3.41 $4.20

UK $4.01 $3.82

Note: Table made from bar graph.


Big Macs became so expensive in Iceland during the last decade that McDonald's closed all its outlets there in ...

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2009

McDonald's popularity In Turkey led it to announce 31 new outlets there in 2010, to add to its existing.

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Title Annotation:Prime number
Publication:Financial Management (UK)
Date:Mar 1, 2012
Words:197
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