If a Big Mac costs $C3 in Canada and $2.31 in the United States, according to purchasing power parity, what is the implied exchange rate in terms of $C/$US?
A)1.3793
B)1.2987
C)1.3276
D)0.7700

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The Answer of If a Big Mac costs $C3 in Canada and $2.31 in the United States, according to purchasing power parity, what is the implied exchange rate in terms of $C/$US?
A)1.3793
B)1.2987
C)1.3276
D)0.7700

If a Big Mac Costs $C3 in Canada and $2