THE BIG MAC index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.
Starting on Feb. 29, the fast-food giant will offer its Big Mac, 10-piece Chicken McNuggets, Filet-O-Fish and Quarter Pounder with Cheese nationwide on its McPick 2 for $5 menu. While these items. Big Mac Stuffing. By Reynolds Kitchens. Rate it: 0.0 from 0 Votes. Print; Ingredients. 6 fast food cheeseburgers with special sauce. For a limited time only from 11:30am to 2:30pm daily, you can get a $5 Big Mac & Small Fries! To take advantage of this deal and to locate your closest McDonald’s store in New Zealand, click here.
Burgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. Yet the Big Mac index has become a global standard, included in several economic textbooks and the subject of dozens of academic studies. For those who take their fast food more seriously, we also calculate a gourmet version of the index.
The GDP-adjusted index addresses the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower. PPP signals where exchange rates should be heading in the long run, as a country like China gets richer, but it says little about today's equilibrium rate. The relationship between prices and GDP per person may be a better guide to the current fair value of a currency.
Read more about the Big Mac index in “Out of joint: What the Big Mac index tells you about currency wars”. You can also download the data or read the methodology behind the Big Mac index here.
Note: The GDP-adjusted index was updated in January 2021 to include more countries.
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For a limited time only from 11:30am to 2:30pm daily, you can get a $5 Big Mac & Small Fries!
To take advantage of this deal and to locate your closest McDonald’s store in New Zealand, click here. Let us know in the comments if you’ve tried out this deal!
2 For 5 Big Mac
For more McDonald’s vouchers, offers and deals, click on one of these links:
| DEAL: 2 Hash Browns for $2 | DEAL: Free Chiller Bag with Every Macca's Share Meal |
| NEWS: Apple Pie McFlurry | NEWS: Quarter Pounder Deluxe, McChicken Deluxe & Filet-O-Fish Deluxe |
| McDonald's Monopoly New Zealand 2020 [Rare Tickets, Prizes & Game Info] | DEAL: $2 Choc McDip or Caramel McDip |
| NEWS: El Maco Beef | NEWS: El Maco Chicken |
| NEWS: El Maco Shaker Fries | NEWS: Chicken McBites with El Maco Sauce |
| DEAL: $10 Five Piece Feast (Big Mac, Small Fries, Small Drink, Sundae, 3 Nuggets) | DEAL: $20 Big Choice Deal (2 Favourites + 4 Sides) |
| DEAL: Saver Menu - $1 Hot Chocolate, $3 Cheesy Chicken Burger & more | NEWS: Kiwiburger is Back - Beef, Chicken, Bunless or Veggie |
| DEAL: $1 Hot Chocolate | DEAL: $2 Kiwi Blue 600ml Water |
| DEAL: $1 Any Size Frozen Drink | DEAL: $2 Medium Frozen Coke or Fanta McFloat |
| DEAL: $2.50 Chicken McBites 10 Pack | |
| DEAL: $3 Cheesy Chicken Burger | DEAL: $5 Cheesy Chicken Small Combo |
| DEAL: $5 Cheeseburger and 2 Hash Browns | DEAL: $3 3 Chicken McNuggets & Small Fries Snack Deal |
| DEAL: $5 Deluxe Cheeseburger Small Combo | DEAL: $8 Cheeseburger Double Up Small Combo |
| DEAL: $22 Mates Hunger Buster | DEAL: $27 Classics Share Meal |
| DEAL: $33 Choose Your Own Share Meal | DEAL: $44 Mega Share Meal |
| McDonald’s Coupons, Vouchers & Deals |
Let us know in the comments if you’ve tried out this deal!
Does Mcdonald's Have 2 For 5 Big Macs
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