According to purchasing power parity, if the exchange rate between the dollar and the Brazilian real is 2 reals per dollar, and a Big Mac costs $3.10 in the U.S., then the Brazilian price will be

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According to purchasing power parity, the price of a Big Mac in Brazil should be the same as in the U.S. when converted at the exchange rate. If a Big Mac costs $3.10 in the U.S. and the exchange rate is 2 reals per dollar, then the price in Brazil should be 3.10 * 2 = 6.20 reals.

According to Purchasing Power Parity, If the Exchange Rate Between