Problem Set #5 Economics 2180 Due at the start of class on November 20th. Please put your name, your section and your TA's name on the problem set. You are allowed to work together, but each student must hand in their own problem set in their own words. Please make sure to do all problems. Skipping a problem is much worse than getting one wrong. Late problem sets will face a substantial penalty. #1 The text (and in the slides) showed the Economist Big Mac index with actual exchange rates on 7/25/16. Let's assume the Big Mac prices in the US. and in these countries stayed the same. Look at the table below (drawn from today's exchange rates). For each currency, say whether it moved the way PPP suggested it \"should\" and report the current over/undervaluation for that currency. BRAZIL REAL 3.3075 CANADA DOLLAR 1.2769 CHINA YUAN 6.636 DENMARK KRONE 6.4071 JAPAN YEN 114.25