If the Current Price of a Big Mac Is 30,500

question 215

Multiple Choice

If the current price of a Big Mac is 30,500 rupiahs in Indonesia and $4.79 in the United States, what exchange rate does the Big Mac Theory of exchange rates predict?

• A)6367 rupiahs per dollar
• B)0)0002 rupiahs per dollar
• C)1 rupiahs per dollar
• D)6336 rupiahs per dollar
• E)1460.95 rupiahs per dollar

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Definitions:

Equation Button

A feature in software applications used to insert mathematical equations into a document.

Split Cell

A function in spreadsheet and table applications that divides one cell into multiple cells, either horizontally or vertically.

Merge Cell

A function in spreadsheet software that combines multiple cells into a single cell, often used to create a header that spans several columns.

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A stylistic feature applied to table cells or sections within a document or spreadsheet, which displays a border cutting diagonally across the cell or section for visual effect or organizational purposes.