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The Economist publishes annually the Big Mac Index by which they compare the prices of the McDonald s Corporation s Big Mac hamburger around the world The index estimates the exchange rates for

 The Economist publishes annually the "Big Mac Index" by which they compare the prices of the McDonald's 
Corporation's Big Mac hamburger around the world. The index estimates the exchange rates for currencies based 
on the assumption that the burgers in question are the same across the world and therefore, the price should be 
the same. If a Big Mac costs $3.73 in the United States and 320 yen in Japan, what is the estimated exchange rate of 
yen per dollar as hypothesized by the Hamburger index?
A) $0.015/¥
B) 87.2¥/$
C) $0.00012/¥
D) 85.5¥/$

Apr 18 2021 View more View Less

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