According to the "Big Mac" index,if a Big Mac costs $2.28 in the United States and 48 baht in Thailand (equivalent to $1.91),the baht is an undervalued currency.

Question

Quizplus · Accepted Answer

The "Big Mac" index suggests that if a Big Mac is cheaper in one country compared to another, the currency of the cheaper country is undervalued. Here, the Big Mac is cheaper in Thailand, indicating the baht is undervalued.

According to the "Big Mac" Index,if a Big Mac Costs