The GDP-adjusted index addresses the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower. For those who take their fast food more seriously, we also calculate a gourmet version of the index. Yet the Big Mac index has become a global standard, included in several economic textbooks and the subject of dozens of academic studies. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.īurgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. The list gives me something to research with my Office 365 version, and maybe we can find a definitive article.T HE BIG MAC index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. I wanted to start a full text posting so comments are not all just in the Lounge area. So my experience is not enough to know how Office 365 Mac compares to the 2021 Student and Home Edition.ĭoes anyone else know if Office 365 on the Mac is also lacking some features or is it equal to Excel on Windows? And I have a spreadsheet that uses VBA, but a very short and simple macro. But I had read about Power Query in r/excel and used it with my Mac Office 365. Using data connections in Excel for Mac, you can import and connect to ONLY the following types of external data: ODBC SQL, Text, HTML, and Databases. I do have Pivot Tables, but No Pivot Charts

Where the following list of items is lacking in Home and Student 2021 vs Windows (and possibly 365).Įxcel for Mac (Home & Student) 2021 v.16,69.1 (23011600)

Excel for mac 2021