What is Big Mac Index?
How is it related to the PPP? Explain why there may be a discrepancy between the Big Mac Index based on the exchange rate and the actual price of a Big Mac.
Using the first letter of your last name, identify a country that starts with that letter on the Big Mac Index. If no country is listed with that letter, use the second letter in your last name. Discuss whether you should be exporting or importing Big Macs from that country. Explain your reasoning.