Question: could you please explain it clearly? Thank you! I don't how to do ti In 2019, a Big Mac cost $4.37 in the US. In

could you please explain it clearly? Thank you! I don't how to do ti

In 2019, a Big Mac cost $4.37 in the US. In Spain, a Big Mac cost 6.73 the same year. lfthe actual exchange rate of euros to dollars is 124, does PPP hold based on the Big Mac? 0 No. The exchange rate predicted by PPP is 1.54. 0 Yes The exchange rate predicted by PPP is 1.24. Yes. The exchange rate predicted by PPP is 1.54. O No. The exchange rate predicted by PPP is 0.65

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