If the price of Big Mac is $3.61 in the U.S.and 3.405 € in France,and PPP holds,what is the value of the euro in dollars that is implied by The Economist magazine's Big Mac index?
A)$1.060
B)$0.943
C)$1.943
D)None of the above.

Question

Quizplus · Accepted Answer

The Answer of If the price of Big Mac is $3.61 in the U.S.and 3.405 € in France,and PPP holds,what is the value of the euro in dollars that is implied by The Economist magazine's Big Mac index?
A)$1.060
B)$0.943
C)$1.943
D)None of the above.

If the Price of Big Mac Is $3