1. Go to the Big Mac Index web site at: htt s: www.economist.com bi -mac-index and briefly describe the ideas behind this tool. Select a country from the list and report on whether their currency unit is either undervalued or overvalued relative to the US dollar. What does it mean to be either undervalued or overvalued? Considering the exchange rate between the country you have chosen and the US, is the Big Mac cheaper [in terms of US dollars) in the country you chose or the US? DO NOT CHOOSE BRITAIN AS YOUR COUNTRY. (This question is worth 5 points)