Attempts Average $/2$

$8.$ Problems and Applications Q$8$

A case study in the chapter analyzed purchasing$-$power parity for several countries using the price of Big Macs. Here are data for a few more countries:

For each country, select the predicted exchange rate of the local currency per U$.$S$.$ dollar. $($Hint: Recall that the U$.$S$.$ price of a Big Mac was $\backslash$$$5\mathrm{.}81.)$

According to purchasing$-$power parity, the predicted exchange rate between the Sri Lankan rupee and the euro is rupees per euro. However, the actual exchange rate is rupees per euro.