Purchasing Power Of Burgers
Cologne, May 27 dpa - The U.S. dollar is undervalued against the Deutsch-mark based on how many "Big Mac" hamburger sandwiches the two currencies can purchase, said one of Germany's leading institutes.
The Institute of the German Economy (IW) in Cologne noted that the popular sandwich by the McDonald's restaurant chain is increasingly being used by economists around the world as a measure of currencies' relative purchasing power.
The institute said that currency exchange rates are often unreliable as an instrument to measure purchasing power. At the same time, "baskets" of products used to arrive at comparative purchasing power are complicated to compile.
A simple alternative, now that McDonald's has spread to virtually every country on earth, has become to look at what a Big Mac costs, the IW said.
"A particularly hungry American can buy five Big Macs for 11 dollars. If he exchanged the money into Deutsch-marks, his 18 marks in Germany can just barely obtain four Big Macs," the IW said.
Conclusion: based on the Big Mac index, the dollar is undervalued, the institute said.
Americans can get their best Big Mac buy these days in Moscow, where one sandwich costs only about 59 cents.
But Russians must "work nearly two days in order to afford this meaty capitalist achievement - longer than people in any other country", the IW said.
by Pak101.com (few years ago!) / 858 views
Similar Jokes
Gal: Do u have any sentimental love cards? Shopkeeper: How about this card, it says 'To the only boy I ever loved' Gal: Great! I want 10 of them.
by khalid hussain (few years ago!)
u r a normal person if....
1- u got a f.b acount
2-u got a mobile num
4-u r wasting ur tym in reading ths
5-u did't notice that there is no numbr 3.
7-u went to check if num 3 is there
8-whr is mumbr 6?
9-u r now smiling
10-whr is num 1?
11-u went to chk num 1....
12now do u relly think that u r normal???
by Mazhar Khan (few years ago!)
Pathan Ka Promotion Inspector
Se DSP Ho Gaya, Ghar A Kar Wife Ko Aise Andaz Se Bataya, K Wife Behosh
?
?
.
.
?
Bola:
Aaj Se Tu DSP K 7 Soegi.
by Pak101.com (few years ago!)
People say in any Problem apne Dil ki suno
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Ab i don’t know what the hell this ‘dhak-dhak
dhak-dhak dhak-dhak’ means..:p:p
by Mazhar Khan (few years ago!)
Saas: beti ab tum mujje apni maa or apne Sasur ko
pita hi samjhna,
Tabhi darwaje par ghanti baji,
Bahu ne darwaja khola to pati aaye tha
Saas: Kon aaya hai beti,
Bahu: Maa bhaiya office se aaye hai.
by Tanveer Hussain (few years ago!)
Teacher: Oye Tumko KUTTEY par Mazmoon
Likh kar Laney ka kaha tha?
Pathan: Hum kya karey, jab Hum ne KUTTEY par Pen rakha tö wo Hamara tang par
Kaat krar bhag gaya.
by Tanveer Hussain (few years ago!)
Patient: mujhe problem hai. Na khaon to bhok lagti hai, na sou to neend aati hai, zada kam kar k thak jata hoon.
Doctor : sari raat dhoop main betho theek ho jao gaye.
by Mazhar Khan (few years ago!)
Grandfather:
“When I was your age, all I’ve got for Christmas
was an apple and a blackberry.
Boy:
“WHAT! A LAPTOP AND A MOBILE?!”
by Tanveer Hussain (few years ago!)
The husband leaned over, made a wish and threw in
a penny.
The wife decided to make a wish,too. But she
leaned over too much, fell into the well, and
drowned.
The husband was stunned for a while but then
smiled "It really works!"
really works
by Tanveer Hussain (few years ago!)
Pathan To His CHICKENS:
"Agar Tum Sub Ne Kal 5, 5 Anday Nahi Diye Tou Tum Sub Ka ZULFIKAR MIRZA Se Wo Haal Karwaun Ga Jo Abhi MQM Ka Ho Raha Hai!!"
Next Day, He Sees That All Of The Chickens Have Given 5, 5 Eggs But 1 Chicken Has Just Given 1 Egg. He Goes To The Chicken And Asks 'Why?'. The Chicken Replies:
"KHAN SAHIB, Yeh Aik Anda Bhi MIRZA BHAI Ke Darr Se Diya Hai! Warna Main Tou Murgha Hun"
by Pak101.com (few years ago!)