What can a sandwich price tell about a nation's currency?
- Flavia.lm
- Localização: São Paulo - SP
- Membro desde: 05 Jul 2009, 19:34
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Big Macroeconomics: What can a sandwich price tell you about a nation's currency?
By Laura Green
Palm Beach Post Staff Writer
What can a Big Mac tell us about the price of tea in China? Turns out, a lot.
For 24 years, The Economist magazine has measured the value of currencies around the globe using those two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.
China, for example, where you can buy almost two Big Macs for the price of one in America, has the world's most undervalued currency, the magazine recently concluded.
The Big Mac Index was designed to explain an economic concept called purchasing power parity, the concept that a dollar should buy the same amount from country to country. If there is parity, the price of a commodity - in this case a Big Mac - should be equal across the globe.
Read more at The Palm Beach Post
(and the translation at Uol)
By Laura Green
Palm Beach Post Staff Writer
What can a Big Mac tell us about the price of tea in China? Turns out, a lot.
For 24 years, The Economist magazine has measured the value of currencies around the globe using those two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.
China, for example, where you can buy almost two Big Macs for the price of one in America, has the world's most undervalued currency, the magazine recently concluded.
The Big Mac Index was designed to explain an economic concept called purchasing power parity, the concept that a dollar should buy the same amount from country to country. If there is parity, the price of a commodity - in this case a Big Mac - should be equal across the globe.
Read more at The Palm Beach Post
(and the translation at Uol)
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11 respostas
- Marcio_Farias
- Membro desde: 10 Out 2009, 09:44
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What can our local street sandwich vendors say about it, macroeconomics notwithstanding?
- Flavia.lm
- Localização: São Paulo - SP
- Membro desde: 05 Jul 2009, 19:34
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Marcio, how much does a hot dog cost there in Recife?
- Marcio_Farias
- Membro desde: 10 Out 2009, 09:44
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Flavia, the cost of a hot dog varies greatly around town, depending on where you acquire it. Hot dog eaters will get a greasy, sometimes goey hot dog if they buy it from poorly maintained, badly managed, cockroach-infested hot dog stands. Otherwise, clean, healthly hot dog stands will offer equally clean, healthly, and good-looking frankfruters you can really get your teeth into and never worry about dying prematurely as a result of ingesting heavily aggressive or deadly bacteria.
A tasty, well-done hot dog will tell a lot on macroeconomics-oriented countries. The better they make them, the faster the money rolls in. And your country's economics thanks you. Wolf a hot dog down today. Or tomorrow.
A tasty, well-done hot dog will tell a lot on macroeconomics-oriented countries. The better they make them, the faster the money rolls in. And your country's economics thanks you. Wolf a hot dog down today. Or tomorrow.
- Flavia.lm
- Localização: São Paulo - SP
- Membro desde: 05 Jul 2009, 19:34
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Olá josipaz
O verbo da frase - can - é um verbo modal, que se diferencia da estrutura mais 'comum' que você mencionou (a que utiliza o auxiliar does). Leia sobre os modal verbs nos links abaixo.
Modal Verbs
O verbo da frase - can - é um verbo modal, que se diferencia da estrutura mais 'comum' que você mencionou (a que utiliza o auxiliar does). Leia sobre os modal verbs nos links abaixo.
Modal Verbs
- - O que são Modal Verbs?
- Modal Verbs: Need (to)
- Explicação completa de Modal Verbs (Parte 1 - Parte 2 - Parte 3 - Parte 4 - Parte 5 - Parte 6 - Parte 7)
- Flavia.lm
- Localização: São Paulo - SP
- Membro desde: 05 Jul 2009, 19:34
- Perfil · 4.1k Pontos · 5.8k Mensagens
The same here, Marcio. The 'cockroach-infested' ones cost R$1 and the 'good-looking' ones can be R$5 or even more.Marcio_Farias escreveu:Flavia, the cost of a hot dog varies greatly around town, depending on where you acquire it. (...)
this is sad, uh?dlr escreveu:you know humanity is in trouble when the value of currency is measured in big macs instead of gold...
- Flavia.lm
- Localização: São Paulo - SP
- Membro desde: 05 Jul 2009, 19:34
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- LeedsEnglish
- Membro desde: 14 Mai 2010, 15:12
- Perfil · 1 Mensagem
The cost of a Big Mac does indeed tell us a lot. In any country I've visited you can gauge the cost of living by the price of the Big M. Hate to say it, but enjoy the Big Mac as well.
I prefer a cheeseburger with fries in it though.
I prefer a cheeseburger with fries in it though.
- Marcio_Farias
- Membro desde: 10 Out 2009, 09:44
- Perfil · 12.6k Pontos · 5.7k Mensagens
No sooner do the health agents leave than hot dog vendors hurry to set their hot dog stands back up again. And then again the next morning.Flavia.lm escreveu:See what I read today in Folha SP
http://www1.folha.uol.com.br/cotidiano/ ... acao.shtml
p.s. urgh
The result of the inspection is not surprising at all !!Flavia.lm escreveu:See what I read today in Folha SP
http://www1.folha.uol.com.br/cotidiano/ ... acao.shtml
p.s. urgh
If you consume those hot dogs, you will be putting your lives at risk!!
