61 817
Assignments Done
98%
Successfully Done
In May 2018

Answer to Question #3290 in Macroeconomics for John Mckinley

Question #3290
If a Big Mac is 2 dollars in the United States and 4.5 pounds in Great Britain what is the exchange rate (pounds to dollars) according to PPP?
Expert's answer
The implied purchasing power parity is £2.25 to $1, that is £4.5/ $2 = 2.25

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions