If the price of Big Mac is $3.61 in the U.S. and 3.405 € in France, and PPP holds, what is the value of the euro in dollars that is implied by The Economist magazine's Big Mac index?

A) $1.060
B) $0.943
C) $1.943
D) None of the above.

A

Economics

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a. the price of each good. b. the share of each good in GDP. c. the share of each good in the budget of an average household. d. the share of each good in total consumption.

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During the 2000-2009 decade,

a. the economic freedom rating of the United States fell, but the growth rate of real GDP was more rapid than in recent decades.
b. the economic freedom rating of the United States increased and the growth of real GDP was more rapid than that of recent decades.
c. the economic freedom rating of the United States fell and the growth of real GDP was less rapid than that of recent decades.
d. the economic freedom rating of the United States increased but the growth of real GDP was less rapid than that of recent decades.

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