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(Purchasing-power parity) A McDonald's Big Mac costs 2.36 yuan in China but costs $4.13 in the United States. Assuming that purchasing-power parity (PPP) holds, how

(Purchasing-power parity) A McDonald's Big Mac costs 2.36 yuan in China but costs $4.13 in the United States. Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. Dollar?

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Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. Dollar?

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