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!) / 821 views

Student

The most funniest situation in student's life:
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When we have no idea what to write in paper and supervisor comes and say "wind up your papers"

by Haris abbas Qureshi (few years ago!)

Tumhara name paper main nhi hai

Pita Tum Pass Nahi Hue Ho Tumhara Naam Paper
Me Nahi Hai
Beta Sabhi Panne Bhare Hue Hain,
Ab Mera Naam Kahan Likhte.?

by Tanveer Hussain (few years ago!)

Bachy Ko Pani Dainy Se

Doctor: Bachy ko pani dainy se pahle ubaal lia karain
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Sardar: Wo tu teekh hai lekin Ubaalny se Bacha mar tu nahi jayega??

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HusBand Ko Sapne

HusBand Ko Sapne Me WiFe Ne Chappal Maari.

2Din Tak Pati Apne Bank Nahi Gaya.

Q?
.

.

.

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Q K
Bank Me Likha Tha

Hum Ap K Sapno Ko Hakikat Me Badlte Hai. :p

by Pak101.com (few years ago!)

Nepali ko chrag mila

Nepali ko chirag mila.
Jin nikla bola: 3 wish mango!
Np:
1.Ek Bara bangla
2.Ush men khoob daulatmnd aadmi
3.Ushka Chokidar humko bana do.

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