India has been included in the Big Mac Index since 2011. India’s ranking is based on the Maharaja Mac, which is a chicken sandwich. Do you think this is a good substitute? Using the following figures, compute the price of a Big Mac in Norway, Thailand, and Mexico. What is the equivalent price in dollars?

Is it higher or lower than the U.S. price? How much is the kroner (or baht or peso) overvalued or undervalued? If you need help, or want to explore other countries, check out the interactive index at www.economist.com/content/big-macindex.

Norway price: Kroner 49; exchange rate: 7.85/$1 Thailand price: Baht 119; exchange rate: 31.95/$1 Mexico price: Peso 48; exchange rate: 18.66/$1