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The text (and in the slides) showed the Economist Big Mac index with actual exchange rates on 7/25/16.Let's assume the Big Mac prices in the
The text (and in the slides) showed the Economist Big Mac index with actual exchange rates on 7/25/16.Let's assume the Big Mac prices in the U.S. and in these countries stayed the same.Look at the table below of exchange rates about a year later.For each currency, say whether it moved the way PPP suggested it "should" and report the current over/undervaluation for that currency.
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