In 2015 the same mcdonalds big mac is sold at 479 in the us


In 2015 the same McDonald's Big Mac is sold at $4.79 in the U.S., and $3.11 inMexico (price of local currency converted to U.S. dollars). Suppose the Big Macrepresents a market basket of goods through which the purchasing power of $1 intwo countries can be compared. Given Mexico's nominal GDP in 2015 is roughly$1.144 trillion, what is Mexico's GDP level adjusted by Purchasing Power Parity(PPP)?

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Business Management: In 2015 the same mcdonalds big mac is sold at 479 in the us
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