The Supply Chain Matters

24th June 2022
By By Warren Clark, Trade Trucks
NatRoad research shows Australians are aware of how important trucks are to the flow of goods around the country

A very serious magazine named The Economist came up with The Big Mac Index in 1986 as a light-hearted measure of whether world currencies are at their ‘correct’ level.

The concept of Burgernomics is based on the theory of purchasing-power parity (PPP), which says that long-term exchange rates should move towards a level that would equalise the prices of an identical basket of goods and services – or a hamburger – in any two countries.

At the time of writing, according to the Big Mac Index, the Australian dollar was undervalued against the US dollar.*

Burgernomics is a tangible way to communicate the impact of economics on our lives.

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