The Big Mac index started as a joke, but became a somewhat respectable—if still highly informal—way of measuring Purchasing Power Parity. Argentina took advantage of this by making it really cheap but hiding it so no one would order it, artificially improving the country’s score.

  • reverie@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    The pitfalls of having your economic indicator based solely off the price of 1 specific hamburger