big mac index

How long to earn a Big Mac?

so it appears that economists have gotten wise to a metric that's similar to the doner index. when my brother and i were backpacking europe, we estimated how far our budget could go at any given city depending on how cheap we could get a doner for. it worked remarkably well. alas, the idea of the value of "basket of goods" to index cost of living is nothing new. if you're really clueless, it's where the the basis for exchange rates and inflation measures come from. also, it may be interesting to know that some U.S. inflation indecies have removed "a gallan of oil" from our basket of goods. oh well.