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The price of a Big Mac in the U.S. is $3.41 and the price in Mexico is Peso 29.0. What is the implied PPP of

The price of a Big Mac in the U.S. is $3.41 and the price in Mexico is Peso 29.0. What is the implied PPP of the Peso per dollar? Question content area bottom Part 1 A. Peso 11.76/$1 B. Peso 10.8/$1 C. Peso 8.50/$1 D. None of the above

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