If a Big Mac costs $C3 in Canada and $2.31 in the United States, according...
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If a Big Mac costs $C3 in Canada and $2.31 in the United States, according to purchasing power parity, what is the implied exchange rate in terms of $C/$US? a) 1.3793 b) 1.2987 c) 1.3276 d) 0.7700
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