The Economist publishes a PPP study every year based on McDonald's Big Mac
hamburger. This index is called the Big Mac Induction.

Name: The Economist publishes a PPP study every year based on McDonald's Big Mac hamburger. This index is called the Big Mac Induction.
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The index is called the Big Mac Index, not the Big Mac Induction. It is used to measure purchasing power parity (PPP) between nations using the price of a Big Mac as a benchmark.

The Economist Publishes a PPP Study Every Year Based on McDonald's