One of the important concepts we are learning this week is PPP (Purchasing Power Parity). The Big
Fantastic news! We've Found the answer you've been seeking!
Question:
One of the important concepts we are learning this week is PPP (Purchasing Power Parity). The Big Mac Index is a fun idea demonstrating the PPP using just one good, the McDonalds's big mac.
- Pick a foreign currency. Find out the current exchange rate.
- Based on the latestBig Mac Index, is the currency of your choice overvalued or undervalued?
- Research and discuss a few possible reasons why the currency is overvalued/undervalued.
Related Book For
Posted Date: