burgernomics means an informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries. Lexicurio rates it Sui generis — a strength score of 97 out of 100.
Etymology
Blend of burger + economics, equivalent to burger + -nomics, coined in The Economist in 1986 by Pam Woodall with the introduction of the Big Mac Index.
noun
- An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries.“Burgernomics is based upon the theory of purchasing-power parity (PPP)...”