Question
Pick 2 countries, find the price of a Big Mac in each country (if you want to pick another good/service, go ahead), express the price
Pick 2 countries, find the price of a Big Mac in each country (if you want to pick another good/service, go ahead), express the price in the local currency, then with the help of exchange rate, determine if the price in that country is close to the exchange rate or not - is it overvalued or undervalued based on the value of the asset.
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Lets compare the price of a Big Mac in the US and Switzerland United States The cost of a ...
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
