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(Purchasing-power parity) Let's assume a McDonald's Big Mac costs 2.53 yuan in China but costs $4.26 in the United States. Assuming that purchasing-power parity (PPP)

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(Purchasing-power parity) Let's assume a McDonald's Big Mac costs 2.53 yuan in China but costs $4.26 in the United States. Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. dollar? Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. dollar? yuan/s (Round to four decimal places.)

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