Big Mac Index

B2 8+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /bɪɡ mæk ˈɪndeks/

Definitions of Big Mac Index

noun a measure of purchasing power parity between two currencies based on the price of a Big Mac sandwich in each country

Example Sentences

A1 The Big Mac Index is a way to compare the cost of a Big Mac in different countries.

A2 The Big Mac Index is used to determine if a currency is overvalued or undervalued.

B1 Economists often refer to the Big Mac Index when discussing purchasing power parity.

B2 The Big Mac Index was created by The Economist in 1986 as a lighthearted way to compare exchange rates.

C1 The Big Mac Index has become a widely recognized tool for understanding global economics and currency valuation.

C2 Some economists criticize the Big Mac Index for oversimplifying complex economic factors, but it remains a popular benchmark for many.

Examples of Big Mac Index in a Sentence

formal The Big Mac Index is a tool used by economists to compare the purchasing power of different currencies.

informal Have you heard of the Big Mac Index? It's a fun way to see how expensive countries are.

slang The Big Mac Index is like the currency cheat code for travelers.

figurative The Big Mac Index is like a global economic snapshot through the lens of a fast food burger.

Grammatical Forms of Big Mac Index

plural

Big Mac Indexes

comparative

bigger Mac Index

superlative

biggest Mac Index

present tense

Big Mac Indexes

future tense

will be Big Mac Indexes

perfect tense

has been Big Mac Index

continuous tense

is being Big Mac Index

singular

Big Mac Index

positive degree

Big Mac Index

infinitive

to Big Mac Index

gerund

Big Mac Indexing

participle

Big Mac Indexed

Origin and Evolution of Big Mac Index

First Known Use: 1986 year
Language of Origin: English
Story behind the word: The Big Mac Index was created by The Economist magazine as a lighthearted way to compare purchasing power parity between different countries.
Evolution of the word: Originally used as a simple economic tool, the Big Mac Index has since become a popular and widely recognized way to gauge currency valuation and cost of living differences around the world.