Which of the following is true regarding the Big Mac Index?
A) It is an index calculated by McDonald's to determine if their Big Mac sandwiches are properly priced within international markets.
B) It calculates a per capita level of Big Macs that are sold in various countries of the world.
C) It can indicate whether a particular currency is undervalued.
D) It compares the value of a Big Mac to other items in a basket of goods economists traditionally use for economic analyses.
E) It provides the empirical foundation for a trickle-down theory of economics called Burgernomics.
Correct Answer:
Verified
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