How many pesos is a Big Mac in Mexico?
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To illustrate PPP, let's assume the U.S. dollar/Mexican peso exchange rate is 1/15 pesos. If the price of a Big Mac in the U.S. is $3, the price of a Big Mac in Mexico would be 45 pesos, assuming the countries have purchasing power parity.Mar 5, 2018
2023-05-29 11:10:07
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To illustrate PPP, let's assume the U.S. dollar/Mexican peso exchange rate is 1/15 pesos. If the price of a Big Mac in the U.S. is $3, the price of a Big Mac in Mexico would be 45 pesos, assuming the countries have purchasing power parity.Mar 5, 2018