Question: Question 8 (0.5 points) The Big Mac Index is an example of Purchasing Power Parity. What is also true? The actual cost of a Big

Question 8 (0.5 points) The Big Mac Index is an example

Question 8 (0.5 points) The Big Mac Index is an example of Purchasing Power Parity. What is also true? The actual cost of a Big Mac may differ from the cost implied by using U.S prices and translating into the local currency. O No one eats a Big Mac in Britain. Based on the Big Mac Index for January, the actual cost of a Big Mac in Britain is the same as in the U.S. OPPP is quoted in forex markets using the indirect method. Question 9 (0.5 points) Today's USD/JPY exchange rate is 121. A year ago, it was 114. Which of the following statements is true? O The dollar has strengthened against the yen. The dollar has weakened against the yen

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