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<blockquote data-quote="Lee36328" data-source="post: 212018" data-attributes="member: 113">One obvious element not covered by the Burger Index&nbsp; is the per capita Gross National Income (GNI).Let&#039;s look at the following countries.The highest country :Iceland 131%The lowest countries are :China -56%Hong Kong -52%Malaysia -51%Venezuela -51%When we divide by per capita Gross National Income (GNI - World Bank 2004 numbers*), we obtain the following result.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Country&nbsp;&nbsp; 2004 GNI/capita &nbsp;&nbsp; big mac&nbsp;&nbsp; % GNI p capita&nbsp;&nbsp; % to US&nbsp; &nbsp; &nbsp;&nbsp; United&nbsp;&nbsp; States &nbsp;&nbsp; 41,440.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 3.22 &nbsp;&nbsp; 0.00777%&nbsp;&nbsp; 100%&nbsp; &nbsp; &nbsp;&nbsp; China &nbsp;&nbsp; &nbsp;&nbsp; 1,500.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1.41 &nbsp;&nbsp; 0.09400%&nbsp;&nbsp; 1210%&nbsp; &nbsp; &nbsp;&nbsp; Hong Kong,&nbsp;&nbsp; China &nbsp;&nbsp; 27,130.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1.54 &nbsp;&nbsp; 0.00568%&nbsp;&nbsp; 73%&nbsp; &nbsp; &nbsp;&nbsp; Venezuela,&nbsp;&nbsp; RB &nbsp;&nbsp; &nbsp;&nbsp; 4,030.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1.58 &nbsp;&nbsp; 0.03921%&nbsp;&nbsp; 505%&nbsp; &nbsp; &nbsp;&nbsp; Iceland&nbsp;&nbsp; 37,920.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 7.44 &nbsp;&nbsp; 0.01962%&nbsp;&nbsp; 253%&nbsp; &nbsp; &nbsp;&nbsp; Malaysia &nbsp;&nbsp; &nbsp;&nbsp; 4,520.00&nbsp;&nbsp; &nbsp;&nbsp; $&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 1.57 &nbsp;&nbsp; 0.03473%&nbsp;&nbsp; 447%&nbsp;&nbsp; From this, we can see that the most expensive Big Mac is actually in, surprise, surprise, China!&nbsp; This is despite the fact that it costs the least in absolute $.&nbsp; And Big MAc in Malaysia is actually 4.47 times more expensive than in the US.&nbsp; Big Mac in Iceland is actually cheaper than ours.&nbsp; Hong Kong Big Mac is actually cheaper than US.Secondly, McDonalds is a business.&nbsp; It will charge whatever it can get away with.&nbsp; The price of burger is dictated by the Supply and Demand, as are many things in the real world.&nbsp; Not dictated by cost. (Which is why it is cheap in Hong Kong, I guess the locals prefer dim sum.) But that&#039;s another discussion.* 2004 World Bank GNI numbers were used as an illustration, since it was not clear which version of the original 1986 study was used, and/or whether the 1986 numbers were updated each year.&nbsp; The principle it illustrates is still evident from the 2004 numbers.</blockquote>

[QUOTE="Lee36328, post: 212018, member: 113"] One obvious element not covered by the Burger Index is the per capita Gross National Income (GNI). Let's look at the following countries. The highest country : Iceland 131% The lowest countries are : China -56% Hong Kong -52% Malaysia -51% Venezuela -51% When we divide by per capita Gross National Income (GNI - World Bank 2004 numbers*), we obtain the following result. [SIZE=1]Country[/SIZE] [SIZE=1]2004 GNI/capita [/SIZE] [SIZE=1]big mac[/SIZE] [SIZE=1]% GNI p capita[/SIZE] [SIZE=1]% to US[/SIZE] [SIZE=1]United States [/SIZE] [SIZE=1] 41,440.00 [/SIZE] [SIZE=1] $ 3.22 [/SIZE] [SIZE=1]0.00777%[/SIZE] [SIZE=1]100%[/SIZE] [SIZE=1]China [/SIZE] [SIZE=1] 1,500.00 [/SIZE] [SIZE=1] $ 1.41 [/SIZE] [SIZE=1]0.09400%[/SIZE] [SIZE=1]1210%[/SIZE] [SIZE=1]Hong Kong, China [/SIZE] [SIZE=1] 27,130.00 [/SIZE] [SIZE=1] $ 1.54 [/SIZE] [SIZE=1]0.00568%[/SIZE] [SIZE=1]73%[/SIZE] [SIZE=1]Venezuela, RB [/SIZE] [SIZE=1] 4,030.00 [/SIZE] [SIZE=1] $ 1.58 [/SIZE] [SIZE=1]0.03921%[/SIZE] [SIZE=1]505%[/SIZE] [SIZE=1]Iceland[/SIZE] [SIZE=1] 37,920.00 [/SIZE] [SIZE=1] $ 7.44 [/SIZE] [SIZE=1]0.01962%[/SIZE] [SIZE=1]253%[/SIZE] [SIZE=1]Malaysia [/SIZE] [SIZE=1] 4,520.00 [/SIZE] [SIZE=1] $ 1.57 [/SIZE] [SIZE=1]0.03473%[/SIZE] [SIZE=1]447%[/SIZE] From this, we can see that the most expensive Big Mac is actually in, surprise, surprise, China! This is despite the fact that it costs the least in absolute $. And Big MAc in Malaysia is actually 4.47 times more expensive than in the US. Big Mac in Iceland is actually cheaper than ours. Hong Kong Big Mac is actually cheaper than US. Secondly, McDonalds is a business. It will charge whatever it can get away with. The price of burger is dictated by the Supply and Demand, as are many things in the real world. Not dictated by cost. (Which is why it is cheap in Hong Kong, I guess the locals prefer dim sum.) But that's another discussion. [SIZE=1]* 2004 World Bank GNI numbers were used as an illustration, since it was not clear which version of the original 1986 study was used, and/or whether the 1986 numbers were updated each year. The principle it illustrates is still evident from the 2004 numbers.[/SIZE] [/QUOTE]

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