Question: Question 21 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate Based

Question 21 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate Based on PPP, EUR is overvalued by 9.68% undervalued by 10.71% overvalued by 10.71% undervalued by 9.68% USD 3.75 EUR 3.50 1 USD = EUR 0.84

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