Table :

TABLE 19-6 Purchasing Power Parity and the Price of a Big Mac

 

Big Mac price

Local currency per dollar

Country

In local currency

In U.S. dollars

Implied PPP

Actual exchange rate

India

Rupee 105

1.75

21.90

  60.09

China

Yuan 16.9

2.73

  3.52

    6.20

Mexico

Peso 42

3.25

  8.76

  12.93

Britain

£ 2.89

4.93

  0.60

    0.59

United States

$4.80

4.80

  1.00

    1.00

Japan

¥ 370

3.64

77.16

101.53

Euro area

€ 3.68

4.95

  0.77

    0.74

Brazil

Real 13

5.86

  2.71

    2.22

Switzerland

SFr 6.16

6.83

  1.28

    0.90