Lets assume the U.S dollar/Mexican peso exchange rate is 1/10 pesos and the price of a Big

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Let’s assume the U.S dollar/Mexican peso exchange rate is 1/10 pesos and the price of a Big Mac in the United States is E5. Mexico’s GDP is 18,000 billion pesos, and its population is 125 million people.

Assuming the countries have purchasing power parity’. The price of a Big Mac in Maxico is _________ pesos.

Mexican income per capita is ______ thousand pesos.

Mexican income per capita in US. Dollars is______ thousand pesos.

Mexican income per capita in U.S. dollars is_______thousand USD.

Related Book For answer-question

Managerial Economics

ISBN: 9781337106665

5th edition

Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward

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Posted Date: Mar 14, 2019 10:11 AM

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Lets assume the U.S dollar/Mexican peso exchange rate is 1/10 pesos and the price of a Big

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Managerial Economics

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