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Please read the following article titled What Does the Big Mac Index Really Measure? found at http://theweek.corn/article/index/255775/what-does-the- big-mac-index-really-measure and answer the following questions: 1. Why
Please read the following article titled \"What Does the Big Mac Index Really Measure?\" found at http://theweek.corn/article/index/255775/what-does-the- big-mac-index-really-measure and answer the following questions: 1. Why is the Big Mac a good product to use as a comparison of the purchasing power of currencies around the world? 2. Does the author think the Big Mac index helps us understand the currency market? 3. Do you agree with the author when he states that the Big Mac Index is wrong about the undervaluation of Chinese currency? Why or why not? Be sure to support your
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