We are looking at the Economist's Big Mac index. According to the index, a certain country's currency (denoted by XD) is 20.24% overvalued. If the Big Mac costs US$5.69 in the United States, and if the exchange rate USD/XD = 0.96, how much does the Big Mac cost in that country in its own currency (i.e. what is the price in XD)?

Answer rating: 100% (QA)

The price of Big Mac is XD is 713 X... View the full answer