A Big Mac costs $4\mathrm{.}1$ in Europe, while it costs $$1\mathrm{.}4$ in the U$.$S$.$ The actual market exchange rate is S$($$$/.$ Then the real $($effective$)$ exchange rate the Big Mac implies is places.$)q,($Please keep two decimal

A Big Mac costs $4\mathrm{.}1$ in Europe, while it costs $$1\mathrm{.}4$ in the U$.$S$.$ The actual market exchange rate is S$($$$/.$ Then the real $($effective$)$ exchange rate the Big Mac implies is places.$)q,($Please keep two decimal

A Big Mac costs $4\mathrm{.}1$ in Europe, while it costs $$1\mathrm{.}4$ in the U$.$S$.$ The actual market exchange rate is S$($$$/.$ Then the real $($effective$)$ exchange rate the Big Mac implies is places.$)q,($Please keep two decimal