Purchasing Power Of Burgers
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.
by Pak101.com (few years ago!) / 663 views
Similar Jokes
Husband: Kal mere khawab main ek larki aye thi. Wah! Kia Larki thee!
Wife: Akeli ayee hogi?
Husband: Tum ko kese pata?
Wife: Uska Husband mere khawab main aya tha!
by Pak101.com (few years ago!)
1 chor ne apni mangtar ko gold ka set dea
mangtr (khushi se) : jann is ke qeemat ka ha??
chor: 3 saal qaid tay littar wakhry (Maar alag say).
by Muneeb Alam (few years ago!)
1 student ne MBA ka form bharty howe 'Watchman' se pocha:
Janab ye university kaisi hai?
.
Watchman: Boht achi university hai, Mai ne bhi yahan se MBA kia hai.
by inayat khan (few years ago!)
Jyotish:Tumhri life men 14 larkyan ayen gi
Boy" Oh yess... What a life!"
Jyotish: Ziyada khush mat ho.
1 Biwi or 13 betyan hongi.
by Tanveer Hussain (few years ago!)
Pathan ki 2 Beveyan Lar pari..Aik boli k Aaj sunday Hay.or 2sari boli ni .Aaj Mondy Hay.
PATHAN Tang Aa k Bola
hum kya Pagal Hun. Jo Juma parh k Aya Hun?
by Tanveer Hussain (few years ago!)
Ek aurat ne 1 wakil se pocha k talak lene ke liye kia sharayat lazmi hoti hain ? Wakil Bola “Talak lene ke liye aap ko shadi shuda hona zarori hai”
by Pak101.com (few years ago!)
Pathan lawer when I was a boy my ambitions was to be a Pirate (dako).
Client congrats you have been successful.
by Abdul Hannan (few years ago!)
Ek dehaati bhaga bhaga angrez tourist key paas pohancha or bola, “Meri bhens bhaag gyee hey, aap ney to nahi dekhi?”
Agnrez: O I See…
Dehati: Aai si tey phari kyun nahi?
by Tanveer Hussain (few years ago!)
Bad News: Meri Car Green Hills Se Gir k Tabah Ho Gai,
Driver Moqa Per Mar Gaya,
Aap Sab Friends Se Request Hai K Dua Krain, I Hope Next Time Aisa Nai Ho Ga.
Because Ab Main "NEED 4 SPEED Underground" Khelon Ga.
by Pak101.com (few years ago!)
Mareez: Mujhy
Ajeeb Beemari Hy Jab Meri Bv Bolti Hy TO Mujhy Kuch Sunai Nai Deta.
Doctor: Ye Beemari Nai,Tum Par ALLAH Ke
Khaas Rehmat Hai..
by Mazhar Khan (few years ago!)