What is the name of the index that was invented by The Economist in 1986 as a light-hearted version of the PPP principle?
A) The "Cheeseburger Index"
B) The "Whopper Index"
C) The "Big Mac Index"
D) The "Pizza Index"
E) The "Hamburger Index"

Question

Quizplus · Accepted Answer

The "Big Mac Index" was invented by The Economist in 1986 as a light-hearted guide to whether currencies are at their "correct" level based on the theory of purchasing power parity (PPP). It compares the prices of a Big Mac burger in McDonald's restaurants in different countries.

What Is the Name of the Index That Was Invented