We opted to only include the Big Mac, and not the meal price. Our data on Big Mac prices comes from .įrom there, we found the average Big Mac price in each state- identifying the most (and least) expensive states. How We Determined This - And What It Means In general, the Midwest is a pretty cheap place to visit Mickey D’s. Mississippi is the cheapest with the trademark burger only coming to $3.91. In the 12 states above, a Big Mac for $4.07 or less. Notoriously pricy Hawaii goes as high as $5.31. A Big Mac- not counting fries or a drink- costs over $4.65 in all of them. McDonald’s isn’t quite so cheap in the above states.
Keep reading to see the priciest (and cheapest!) places to get your Big Mac- and how we determined this. If you make it a value meal it will set you back $5.99.īut how much you pay will vary dramatically based on where you live. While you can’t get a degree in Burgernomics, you can see the difference when looking at menu prices across the country. Now we can find the ratio of both the changes which will give us the value which will tell us ab.The cost of a Big Mac has become more than just how much your favorite burger at McDonald’s costs and transcended to a whole economic theory. So, the change in values of CPI-U from 1985 to 2015 with respect to the initial year of 1985 is as below: - fullscreenStep 3 Secondly, we will find out the change in values of CPI-U from 1985 to 2015 with respect to the initial year of 1985 is as below:. So, the change in price of Big mac from 1985 to 2015 with respect to the initial year of 1985 is as below: - fullscreenStep 2 We will follow below steps to obtain the answer: -įirst, we will find out the change in price of Big mac from 1985 to 2015 with respect to the initial year of 1985.
From 1985 to 2015, how did the price of a big mac change compare to the change in CPI-U? check_circle Expert AnswerStep 1
Remember that the consumer price index for urban consumers shows how the prices for goods and services change over time for people living in cities. By comparison, the CPI-U in 1985 was 107.6, and the CPI-U in 2015 was 237.0. In 2015, the cost of a big mac was $4.79. In 1985, the cost of a Big mac was $1.69.
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