When the Big Mac in Egypt cost $US₂.28, which is less than it does in converted US dollars, we can say it _____. A)should not be measured B)is difficult to ascertain, as the currency is volatile C)is undervalued D)is overvalued

Question

Quizplus · Accepted Answer

Since the cost of a Big Mac in Egypt is less than it is in converted US dollars, we can say that it is undervalued.

When the Big Mac in Egypt Cost $US2

When the Big Mac in Egypt Cost $US₂