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 ?

Assume that a Big Mac hamburger cost $3 in the United States 2 pesos

1.	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 ?
A.	0.67 pesos = $1
B.	0.8 pesos = $1
C.	1.25 pesos = $1
D.	1.67 pesos = $1
Answer» B. 0.8 pesos = $1

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