Hi, Can anyone solve this Question

(MC) Spot EUR/USD is 1.2. A Big Mac costs 4 EUR in Europe and 5 USD in the US. According to the Big Mac Index 1. The implied PPP exchange rate is negative. 2. The price in Europ 3. The price in E 4. The price in Europe is equal to the price in the US 5. (a).(c) (and therefore (e)) are correct. overvalued e is urope is undervalued