# Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ? Correct Answer: A. 0.67 pesos = $1. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Assume that a Big Mac hamburger cost $3 in the United States 2 pesos in Mexico The implied purchasing power parity exchange rate between the peso and the dollar is ?

Direct Answer & Quick Reference

The correct option is **A. 0.67 pesos = $1**.

A. 0.67 pesos = $1 **(Correct Answer)**

B. 0.8 pesos = $1

C. 1.25 pesos = $1

D. 1.67 pesos = $1

✨ Explain with AI

Verified Key: A. 0.67 pesos = $1
Solved by 1,802+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/assume-that-a-big-mac-hamburger-cost-3-in-the-united-states-2-pesos-in-mexico-th-4ad502b4-d7d1-4125-a93d-7f0604ccfa4a*
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