Question: Homework help Macro The Big Mac Index analyzes purchasing-power parity for several countries using the price of Big Macs. Below are data for a few
Homework help Macro



The Big Mac Index analyzes purchasing-power parity for several countries using the price of Big Macs. Below are data for a few countries. For each country, compute the predicted exchange rate of the local currency per (/) Canadian dollar. Assume that the price of a Big Mac in Canada is $4.79. Country Price of a Big Mac Predicted Exchange Rate Indonesia 30 500mplah _ rupiah/SCAD Hungary 900 farint _ foam/SCAD (Zed: Republic 70.0 koruna _ karma/SCAD Thailand 108 baht _ baht/SCAD china 17.0 yuan _ yuan/SCAD Question 46 (5 points) According to Purchasing Power Parity, the predicated exchange rate between the Indonesia Rupiah and the Canadian Dollar should be ____ Indonesia Rupiah for $1 Canadian. (Please round your answer to two decimal places) According to Purchasing Power Parity, the predicated exchange rate between the Hungary Forit and the Canadian Dollar should be _____ Hungary Forit for $1 Canadian. (Please round your answer to two decimal places) According to Purchasing Power Parity, the predicated exchange rate between the Czech Republic Koruna and the Canadian Dollar should be _____ Czech Republic Koruna for $1 Canadian. (Please round your answer to two decimal places) According to Purchasing Power Parity, the predicated exchange rate between the Thailand Baht and the Canadian Dollar should be _ _ _ Thailand Baht for $1 Canadian. (Please round your answer to two decimal places) A/According to Purchasing Power Parity, the predicated exchange rate between the China Yuan and the Canadian Dollar should be _____ China Yuan for $1 Canadian. (Please round your answer to two decimal places) A
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
