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35,36 they go Question 35 Given the information: Price of a BigMac in US: USD 3.75 Price of a BigMac in Japan: JPY 320 Exchange

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Question 35 Given the information: Price of a BigMac in US: USD 3.75 Price of a BigMac in Japan: JPY 320 Exchange rate of JPY in Indirect Quote (JPY/USD): 1 USD = 120 JPY At the going exchange rate, the dollar price of BigMac in Japan is: $3.84 $4.50 $3.00 $2.67 Question 36 Given the information: Price of a BigMac in US: USD 3.75 Price of a BigMac in Japan: JPY 320 Exchange rate of JPY in Indirect Quote (JPY/USD): 1 USD - 120 JPY According to PPP the prices of Big Mac in US and Japan will be identical, when 1 USD JPY 120 0.01172 0.00833 85

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