According to the Big Mac Index in Table $20\mathrm{.}1,$ Big Macs are, on average, in rich countries compared to poor countries, when quoted in a single common currency $($e$.$g$.,$ US dollars$).$

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$\backslash$hline $\backslash$multicolumn$\{4\}\{|$l$|\}\{\backslash$begin$\{$tabular$\}\{$l$\}$

TABLE $20\mathrm{.}1\backslash \backslash$

The Big Mac Index

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$\backslash$hline & Big Mac price in local currency & Exchange rate per dollar $(\backslash$$$)$ & Big Mac price in dollars $\backslash \backslash$

$\backslash$hline United States & $5\mathrm{.}15$ dollars & $1\mathrm{.}00$ dollars$/\backslash$$ & $5\mathrm{.}15\backslash \backslash$

$\backslash$hline Norway & $62\mathrm{.}00$ kroner & $9\mathrm{.}90$ kroner$/\backslash$$ & $6\mathrm{.}26\backslash \backslash$

$\backslash$hline Euro area & $4\mathrm{.}65$ euros & $0\mathrm{.}98$ euros$/\backslash$$ & $4\mathrm{.}74\backslash \backslash$

$\backslash$hline Mexico & $70\mathrm{.}00$ pesos & $20\mathrm{.}41$ pesos$/\backslash$$ & $3\mathrm{.}43\backslash \backslash$

$\backslash$hline China & $24\mathrm{.}00$ yuan & $6\mathrm{.}75$ yuan$/\backslash$$ & $3\mathrm{.}56\backslash \backslash$

$\backslash$hline Japan & $390\mathrm{.}00$ yen & $137\mathrm{.}87$ yen$/\backslash$$ & $2\mathrm{.}83\backslash \backslash$

$\backslash$hline South Africa & $39\mathrm{.}90$ rand & $17\mathrm{.}04$ rand$/\backslash$$ & $2\mathrm{.}34\backslash \backslash$

$\backslash$hline India & $191\mathrm{.}00$ rupees & $79\mathrm{.}95$ rupees$/\backslash$$ & $2\mathrm{.}39\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$l$|\}\{$Source: economist.com$/$big$-$mac$-$index $($January $2023).\}\backslash \backslash$

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Source: economist.com$/$big$-$mac$-$index $($January $2023).$

Question $25$

$1$ pts