× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
gerti gerti
wrote...
Posts: 297
Rep: 0 0
5 years ago
The "Big Mac Theory of Exchange Rates" tests the accuracy of the purchasing power parity theory.  In July 2015, the Economist reported that the average price of a Big Mac in the U.S. was $4.79.  In Sweden, the average price of a Big Mac at that time was 43.7 kronor.  What is the "implied exchange rate" between Swedish kronor and U.S. dollars?
A) 0.11 kronor per dollar
B) 1.90 kronor per dollar
C) 9.12 kronor per dollar
D) 46.2 kroAnswer: dollar
Textbook 
InMacro

InMacro


Edition: 1st
Authors:
Read 49 times
1 Reply

Related Topics

Replies
wrote...
#1
5 years ago
dollar
Answer: C
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1044 People Browsing
 120 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 393
  
 137
  
 331
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: How often do you eat-out per week?