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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

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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 O 0.00833 0.01172 120 85

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