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hefer to the January LUUs big /Vlax Index below and answer Questions to IV . Exchange Rate :` Economy Local Price* Local currency units

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hefer to the January LUUs big /Vlax Index below and answer Questions " to IV . Exchange Rate :` Economy Local Price* Local currency units per dollar* Argentina 28 8. 61 Britain 2.89 0. 66 Denmark 34.5 6. 42 Foypt 16.93 7.35 Norway 48 7. 62 South Africa 25.5 11. 48 United States 4.79 1. 00 According to the Big Mac prices , what was the real exchange rate of the Argentine peso in January 2005 ?) Your answer :" (Keep four decimals ; Do not include any symbols or signs In Your answer . )

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