Question:
Find the price of a Big Mac at a local McDonald's.
Compare your price for a local Big Mac against the "Big Mac Index" (https://www.economist.com/node/13055650?story_id=E1_TPDVVGVD).
Select a country and in 200 to 250 words try to 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. The price of a Big Mac in my area is $3.99 +11%
REFERENCE
https://www.economist.com/node/13055650?story_id=E1_TPDVVGVD
David, P. (2013). International logistics: The management of international trade operations (4th ed.). Berea, OH: Cicero Books.
Chapter 8: Managing Transaction Risks
Chapter 9: International Commercial Documents
Chapter 10: International Insurance
Chapter 11: International Ocean Transportation