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According to the Big Mac Index the implied PPP exchange rate is Mexican Peso 8581 but the actual exchange rate is Peso 11801 Thus at current exchange rates the peso appears to be by

According to the Big Mac Index, the implied PPP exchange rate is Mexican Peso 8.58/$1 but the actual exchange 
rate is Peso 11.80/$1. Thus, at current exchange rates the peso appears to be ________ by ________.
A) overvalued;approximately 21%
B) overvalued; approximately 27%
C) undervalued; approximately 21%
D) undervalued; approximately 27%

Apr 18 2021 View more View Less

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