Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ? | MCQ Hive

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Q Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ?

A A. 0.67 pesos = $1
B B. 0.8 pesos = $1
C C. 1.25 pesos = $1
D D. 1.67 pesos = $1

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