The Economist magazine is famous for its publication of the Big Mac indexa table of Big Mac prices in different countries around the wortd. The use of the Big Mac allows tor a highly standardized product sold throughout the world. Given is the following abbreviated table. Country Price of Big Mac China 1,l]0 yuan UK. 1.25 US. $2.50 Suppose that the exchange rate between China and the UK. is: 14,000 yuan=1.DlJ, and that the Big Mac could be used as a standardized commodityeasily transported and not perishable. Complete the following (Round your responses to the nearest whole number): 11150:: = :| yuan = :| Big Macs = |:| Sell pounds and buy yuan on Use yuan to buy Transport (at no cost} and sell foreign exchange markets Big Macs in China the Big Mass in London Purchasing power parity would implyr that the British pound should : against the Chinese yuan. depreciate not change in value appreciate