The Big Mac Index perfectly explains the relative size of economies.

Question

Quizplus · Accepted Answer

The Big Mac Index is a fun and unconventional way of comparing the purchasing power of currencies, but it should not be used as the sole factor in analyzing the size of economies. There are many other factors that need to be considered, such as GDP, natural resources, human capital, infrastructure, and political stability, among others. Additionally, the Big Mac Index only takes into account the price of a single product, which can vary widely depending on local factors and market conditions.

The Big Mac Index Perfectly Explains the Relative Size of Economies