The Big Mac Index demonstrates the concept of Purchasing Power Parity.If the price of a Big Mac burger in the United States is $3.95 and the current €/$ exchange rate is €0.8535/$1,what is the implied price of a Big Mac in France?
A) $3.37
B) €3.37
C) €3.17
D) €3.06
Correct Answer:
Verified
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