How much is a Big Mac in Europe?
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Works at Apple, Lives in Cupertino, CA
the price of a Big Mac was $3.57 in the United States (varies by store) the price of a Big Mac was --2.29 in the United Kingdom (varies by region) the implied purchasing power parity was $1.56 to --1, that is $3.57/--2.29 = 1.56. this compares with an actual exchange rate of $2.00 to --1 at the time.
2023-05-25 11:10:10
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Charlotte Clark
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the price of a Big Mac was $3.57 in the United States (varies by store) the price of a Big Mac was --2.29 in the United Kingdom (varies by region) the implied purchasing power parity was $1.56 to --1, that is $3.57/--2.29 = 1.56. this compares with an actual exchange rate of $2.00 to --1 at the time.