Question: Question 15 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate USD

Question 15 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate USD 4.00 EUR 3.25 1 USD = EUR 0.70 Based on PPP, the EUR is O overvalued by 16.07% O undervalued by 13.85% O undervalued by 16.07% O overvalued by 13.85% 10 pts

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