If the price of a Big Mac in the United States is $2.56, and in Japan it is yen 300, then the implied exchange rate is yen 117.19/$US.

Name: If the price of a Big Mac in the United States is $2.56, and in Japan it is yen 300, then the implied exchange rate is yen 117.19/$US.
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Quizplus · Accepted Answer

To find the implied exchange rate, we divide the price of a Big Mac in Japan (300 yen) by the price of a Big Mac in the United States ($2.56):
300 yen/$2.56 = yen 117.19/$US

If the Price of a Big Mac in the United