A Big Mac costs $4.56 in the United States and 9.2 zlotys in Poland.If the exchange rate is 3 zlotys per dollar,purchasing power parity predicts that
A) the dollar is undervalued.
B) the dollar is overvalued.
C) the zloty is overvalued.
D) both the zloty and dollar are undervalued.
Correct Answer:
Verified
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