Question: ( Purchasing-power parity ) Let's assume a McDonald's Big Mac costs 2.39 yuan in China but costs $4.11 in the United States. Assuming that purchasing-power

(Purchasing-power

parity)

Let's assume a McDonald's Big Mac costs

2.39

yuan in China but costs

$4.11

in the United States. Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. dollar?

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