Home Yellow Pages Movies Classifieds Jokes Jobs Free Hosting Videos
 
  Home
  Joke Forums
  Accounting Jokes
  Animal Jokes
  Answer Machine
  Bar Jokes
  Business Jokes
  Computer Jokes
  Crazy Jokes
  English Jokes
  Ethnic Jokes
  Farmer Jokes
  Fishing Jokes
  Food Jokes
  Gender Jokes
  Golf Jokes
  Heaven Jokes
  Holiday Jokes
  Idiot Jokes
  Indian Jokes
  Insult Jokes
  Lawyer Jokes
  Marriage Jokes
  Math Jokes
  Medical Jokes
  Military Jokes
  Music Jokes
  Office Jokes
  Parent Jokes
  Political Jokes
  Police Jokes
  Religion Jokes
  Redneck Jokes
  School Jokes
  Science Jokes
  Shopping Jokes
  Sick Jokes
  Sports Jokes
  State Jokes
  Travel Jokes
  True Stories

Subscribe
Joke Mail Newsletter




BizHat.com > BizHat.com > Jokes > Food Jokes

The Purchasing power

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.


BizHat.com   Bookmark   Astrology   Chat Room   Classifieds   Computer   Downloads   Directory   Dating   Domain Tools   Education   eCards   Finance   Forums   Freelance Work   Free Hosting   Free Mail   Gallery   Games   Guest Book   Greeting Cards   Ham Radio   Health   Home Business   Hosting Tutorials   Hosting Directory   India   Jobs   Jokes   Kerala   Matrimonial   Music   Movies   News   News Letter   Recipes   Real Estate   Search   SMS   Tourist Guide   Top 100 Sites   Vote Us   Yellow Pages   Arthunkal Church   Site Map  

Google
Terms of Service  Advertise with us  Privacy Policy  Contact us 
Copyright © 2003-2005 BizHat.com, Hosted by FlashWebHost.com