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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Definitions:

Necrosis

The death of cells or tissues in the body due to disease, injury, or lack of blood supply.

Root

The part of a plant that typically lies below the surface of the soil and absorbs water and nutrients.

Prefix

A group of letters added to the beginning of a word to modify its meaning.

Ad-

A prefix indicating direction towards or addition to something.