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!) / 840 views
Similar Jokes
An Engineering Student to his Sweeper:
Brother: Mere Paas Degree hai,
Knowledge hai,
4 Logon Main Baithne ki izzat hai. Tere Paas Kya Hai?
Sweeper: Mere Paas Naukri Hai.
by Pak101.com (few years ago!)
Dhol Dhamakay Ki Awaz Sun Kar Ali Bahar Nikla
To Dekha K Kuch Pathan Khushi Se Bhangra Daal Rahay Hain.
Ali: Khan G Kia Hua.
Pathan: Hamara Bhai Mar Gaya Hai
Ali: To Is Me Khushi Ki Kia Baat Hai
Pathan: Log Kehtay Hain K Pathano Ka Dimagh Nahi Hota Jab K Hamara Bhai Dimagh K Cancer Se Mara Hai!
by Pak101.com (few years ago!)
Pathan Gifted A Card To His Father On His BirthDay With Quote On It . .
Phool To Bohat Hain Par Gulaab Jaisa Koi Nahi . . Mere Baap to Bohat Hain Par Aap Jaisa Koi Nahi .
by hearthackervsgirls (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!)
Bilu MC ki hotal me- are bhai kab se wait kar raha
hu,
Khana abhi tak nahi aaya?
Mc – sar khana to char din se bana rakha hai bas
garam ho raha hai!!
by Tanveer Hussain (few years ago!)
Nurse ka mangetar bari hasrat se: Janu, meri khuahish hai ke kash mera koi hadsa ho jaye to mai tumhare ward mai admit ho jaon, aur tum wahan meri khidmat karo.
Nurse (muskurate hue): Janu, tumhe mere ward mai koi hadsa nahi balkai moujza hi la sakta hai, kiyu ke mai Labour Room mai Delivery karwati hun
by Tanveer Hussain (few years ago!)
Girl: What Is Ur Job
Boy: I 'm In Admin Department
Girl: Which Company?
Boy: Array Facebook Pay 2-3 Pages Ka Admin Hoon Or Kya Chahiye
by Mazhar Khan (few years ago!)
An Astronomer Was Watching The Sky From His Telescope
Santa Singh Was Observing Him,
Suddenly A Star Falls,
Seeing That Santa Singh Shouted:
“Kya Nishana Lagaya Hai!”
by Pak101.com (few years ago!)
80 saal ka Buddha rape case me jail gaya.
Dost:- Tune is umar me ye kiya kaise?
Buddhha:- Koi rape nahi kiya.
Ye to Ilzam itna mardana tha ki
mana kar nahi paya ...
by Mazhar Khan (few years ago!)
Q: Why did the forgetful chicken cross the road?
A: To get to the other side -- er, no -- to go
shopping -- no, not that either -- damn it.
by khalid hussain (few years ago!)