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Libertarian Libertarian
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Posts: 47
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10 years ago
in China. The actual exchange rate was 6.39. The Chinese yuan is ______________________ by __________.

If the PPP holds, Pf=30 and Pus=6. NER = _________.

Okay I really suck at this type of stuff and all tb's, resources, and and answers mastering stuff does me no good when its like my teacher is speaking a different language. If someone helps me with more of this study guide I will make it worth you while!
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wrote...
#1
Staff Member
10 years ago
In China, the Big Mac is 15.65 yuan.

Quote
The actual exchange rate was 6.39.

Are any units given here?

Quote
Big Mac cost 4.33

4.33 dollars or yuan?
- Master of Science in Biology
- Bachelor of Science
Libertarian Author
wrote...
#2
Donated
10 years ago
I attached the file its just the first page I need help with I looked up everything else afterwards. I am guessing dollars..I don't understand anything he says in class, he is foreign and speaks broken English. All you hear him say yeah huh, that's right huh, and you know at the end of everything he says in a strong Chinese Accent
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wrote...
#3
Staff Member
10 years ago
Now I get why he's using Yuan now Wink Face

Quote
According to the Economist, a Big Mac cost 4.33 in the U.S. and 15.65 yuan in China. The actual exchange rate was 6.39. The Chinese yuan is ______________________ by __________.

I hate to say this, but I have no idea what he's expecting here.

I think PUS is Pus and Pf is Pf. The closest thing I found to explaining it is this document.
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- Master of Science in Biology
- Bachelor of Science
Libertarian Author
wrote...
#4
Donated
10 years ago
So basically I follow the formula in this attachment for all of them like that..Its so easy I just have a block when I see formula symbols
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wrote...
#5
Staff Member
10 years ago
I think I saw that same formula in the attachment I provided too.
- Master of Science in Biology
- Bachelor of Science
Libertarian Author
wrote...
#6
Donated
10 years ago
so basically its saying that PPP does not apply to big macs?

Because the conversion 1 big mac in japan converts to $4.10USD and 1 big mac in china converts to $2.50 USD...I still don't get what words he is looking for though
wrote...
#7
Staff Member
10 years ago
I'm not sure either. Maybe this guy could say it better
- Master of Science in Biology
- Bachelor of Science
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