If a Big Mac Costs $2

question 34

Multiple Choice

If a Big Mac costs $2.31 in the United States, and in Japan 250 yen, according to PPP, what is the implied exchange rate in yen/$US?

• A)0.00924
• B)108.22500
• C)119.79500
• D)250.00000

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Definitions:

Deforestation

The removal of a forest or stand of trees where the land is thereafter converted to a non-forest use such as agriculture or urban development.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, considered a greenhouse gas contributing to global warming.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas formed from the remains of living organisms over millions of years, major sources of energy contributing to carbon emissions.

Glacial Periods

Times during Earth's history when large ice sheets covered significant portions of the planet's surface, significantly impacting climate and the environment.