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Let's assume the U.S. dollar/Mexican peso exchange rate is 1/10 pesos and the price of a Big Mac in the United States is $5. Mexico's
Let's assume the U.S. dollar/Mexican peso exchange rate is 1/10 pesos and the price of a Big Mac in the United States is $5. Mexico's GDP is 18,000 billion pesos, and its population is 135 million people. Assuming the countries have purchasing power parity, the price of a Big Mac in Mexico is 50 pesos. (Round your response to the nearest integer.) Mexican income per capita is 133 thousand pesos. (Round your response to the nearest integer.) Mexican income per capita in U.S. dollars is thousand USD. (Round your response to the nearest integer.)
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