Question
If a price of a big mac is $8.04 USD in the USA and a price of a big mac is $6.45 AUD in Australia
If a price of a big mac is $8.04 USD in the USA and a price of a big mac is $6.45 AUD in Australia what is the big mac index for USD? is the currency of the US market considered under or over-valued according to PPP
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
