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Question 15 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate USD

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Question 15 Please use the data below, to answer the following question. BigMac price in the US BigMac price in Europe Current Exchange Rate USD 4.00 EUR 3.25 1 USD = EUR 0.70 Based on PPP, the EUR is O overvalued by 16.07% O undervalued by 13.85% O undervalued by 16.07% O overvalued by 13.85% 10 pts

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