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After viewing the video, get familiar with the Big Mac Index basics in the Economist. As this is an interactive website, you can click on
After viewing the video, get familiar with the Big Mac Index basics in the Economist. As this is an interactive website, you can click on any country and see how much the Big Mac will cost in that country in local currency. Pick any country and find out whether the currency of that country is under- or over-valued against the U.S. dollar, according to the Big Mac Index. In your main post, please explain how much the currency of that country is under- or over-valued against the U.S. dollars and what it would mean for U.S.-based companies that are engaged in export or import operations with that country. (Hint: you may find it useful to read about devaluation and revaluation of currencies in Chapter 11.1, pp. 262-263). It is also a good idea to examine and include in your post historical and current data regarding trade between the United States and your chosen country. There are numerous credible sources for this information, including the U.S. Census Bureau, the OEC trade data project, World bank, and Bureau of Economic Analysis
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