Question
Suppose on Jan 1, 2018 a Big Mac costs $5.50 in the US Suppose on Jan 1, 2018 a Big Mac costs INR 286 in
Suppose on Jan 1, 2018 a Big Mac costs $5.50 in the US
Suppose on Jan 1, 2018 a Big Mac costs INR 286 in India. (INR = Indian Rupee) If the exchange rate of USD/INR = _________ on the same date, by the Big Mac Index Purchasing Power Parity exists between the USD and INR.
52
.019231
5.50
1573
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
