burgernomics

noun

1. An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries.

   uncountable

   Burgernomics is based upon the theory of purchasing-power parity (PPP)...

Where it comes from

Blend of burger + economics, equivalent to burger + -nomics, coined in The Economist in 1986 by Pam Woodall with the introduction of the Big Mac Index.

Adapted from the Wiktionary entry burgernomics (CC BY-SA 4.0).

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