According to purchasing power parity if a big mac sells for


According to purchasing power parity, if a Big Mac sells for $3.29 in the United States and the exchange rate for the Iceland kronur is 117.51 kronur/$, what should the Big Mac sell for in Iceland?

A.) 543 kronur
B.) .028 kronur
C.) 3.29 kronur
D.) 387 kronur
E.) 118 kronur

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: According to purchasing power parity if a big mac sells for
Reference No:- TGS0602109

Expected delivery within 24 Hours