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Big Mac Exploration Start Assignment Due Sunday by 11:59pm Points 10 Submitting a file upload File Types doc, docx, xlsx, and xls In this assignment,
Big Mac Exploration Start Assignment Due Sunday by 11:59pm Points 10 Submitting a file upload File Types doc, docx, xlsx, and xls In this assignment, you will explore currency rates and see how they affect the over/undervaluation of the U.S. dollar. The Big Mac index was invented by The Economist in 1986 as "a lighthearted guide to whether currencies are at their "correct" level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run, exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries" (The Economist, 2019 Links to an external site. ). Instructions
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