The Price of a Big Mac in the U

question 50

Multiple Choice

The price of a Big Mac in the U.S. is $3.73 and the price in Mexico is Peso 32.0. What is the implied PPP of the peso per dollar?

• A) Peso 8.58/$1
• B) Peso 10.8/$1
• C) Peso 11.76/$1
• D) None of the above

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