In local currency In dollar Implied PPP Actual Exchange tate Local unten Underlove valuation 2006 2007 2008 2009 8.03 -58 Yuan 10.5 Yuan 11.0 Yuan 12.5 Yuan 12.5 1.31 1.45 1.83 1.83 3.23 3.5 3.5 6.83 6.83 - 49 -49 Le price of a Big Mac in the US was 3.108 in 2006, 3.415 in 2007, 3575 in 2008 and 2001 Fill in the blanks in the table above by answering the question What is the Yuan (local currency) under/over valuation in 2007 35% -52% -58% -49% MacBook Pro