how much does a big mac cost in san jose

How much does a big mac cost in san jose free#

The 2012 BMcI ( Table 1) would suggest that the Swiss franc is 62% overvalued, since the exchange rate of the Swiss franc to the American dollar was 1.55:1 based on the value of the hamburger, but the actual exchange rate is only 0.96. The difference between the price predicted for each country, given its average income, and its actual price offers a better guide for currency under- and overvaluation than the “raw” index. To estimate the current fair value of a currency, researchers at The Economist used linear regression to determine the line of best fit between Big Mac prices and gross domestic product (GDP) per person. 5,6 Average prices should be lower in poor countries than in rich ones, because labor prices are lower. The BMcI compares the prices of Big Mac hamburgers between countries based on the theory of purchasing-power parity (PPP), the notion that in the long run, exchange rates should move toward the rate that would equalize the prices of a basket of goods and services (in this case, a McDonald's hamburger) around the world. 4 The BMcI is an informal economic indicator for comparing currency values that has been updated annually by The Economist newspaper since 1986. This study considers the affordability of cataract surgery in selected countries across regions through a cross-analysis of cataract surgery prices with The Economist' s Big Mac Index (BMcI). 1 Although cataract surgery is the most common operation in ophthalmology and one of the most cost effective methods of restoring sight in avoidable blindness, the relatively high price of cataract surgery is one of the key surgical barriers of cataract patients in some countries. Esto sugiere problemas de asequibilidad, especialmente cuando los pacientes tienen salarios mínimo y/o no tienen acceso a la atención médica gratuita.Ĭataract is the second leading cause of visual impairment (33%) and the leading cause of blindness (51%) worldwide. ConclusiónĮl precio de la cirugía de cataratas no considera la capacidad de pago del paciente sobre la base de una herramienta simple como el BMCI. No hubo correlación lineal entre los precios del Big Mac y los precios de cirugía de catarata obteniendo un mejor ajuste con una curva de potencia con un R cuadrada de 0.433 (p = 0.001). Los precios del Big Mac oscilaron entre USD 1.62 (India) a $ 5,91 (Suecia). El precio varió de USD 178 (India) a USD 3,557 (EE.UU.). Se obtuvieron datos de 20 países y de la Euro Zona. Los precios del Big Mac en diferentes países se obtuvieron en el sitio web de The Economist. Los precios de facoemulsificación se ajustaron a la cotización del dólar americano de junio del 2012 y se ajustaron en función del origen y año en que se obtuvieron. También se contactó a oftalmólogos en diferentes países para obtener un rango habitual de precios. Se buscaron artículos revisados por pares que contienen información sobre los precios de la cirugía de catarata en el período 1993 hasta junio de 2012 en diferentes bases de datos. Este estudio tiene como objetivo comprender en qué medida el precio de la cirugía de catarata está super o infravalorada y si varía en relación con el PIB utilizando la metodología del Índice Big Mac (BMCI) del diario The Economist, la cual mide la paridad del poder adquisitivo entre las distintas monedas. Una barrera para la cirugía de catarata es su alto precio en algunos países.

How much does a big mac cost in san jose free#

This suggests affordability issues, particularly when patients work for minimum wages and/or do not have access to free health care. The price of cataract surgery does not consider the patient's capacity to pay, based on a simple tool such as the BMcI. There was no linear correlation between Big Mac prices and cataract surgical prices best fit was a power curve with an R squared of 0.433 ( p = 0.001). Big Mac prices ranged from USD 1.62 (India) to $5.91 (Sweden).

Cataract surgical prices varied from USD 178 (India) to USD 3557 (US). Resultsĭata were collected from 20 countries and the Euro Zone. Big Mac prices in different countries were obtained at The Economist website. Phacoemulsification prices were adjusted to 2012 US dollars and were weighted depending on the source and year that they were obtained. Ophthalmologists in different countries were also contacted to provide prices. Peer-reviewed articles containing information on cataract surgery prices were searched from 1993 to June 2012 in databases. This study aims to understand to what extent the price of cataract surgery is over- or undervalued and whether it varies in relation to GDP using The Economist newspaper Big Mac Index (BMcI) methodology, which measures the purchasing power parity between different currencies. One barrier to cataract surgery is its high price in some countries.