Pick 2 countries, find the price of a Big Mac in each country (if you want to
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Question:
Pick 2 countries, find the price of a Big Mac in each country (if you want to pick another good/service, go ahead), express the price in the local currency, then with the help of exchange rate, determine if the price in that country is close to the exchange rate or not - is it overvalued or undervalued based on the value of the asset.
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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