If A Big Mac cost $7 in US and a Big Mac cost in Saudi is SAR21. Using PPP, examine the implied exchange rate for Saudi
Posted: Sun May 29, 2022 4:48 pm
If A Big Mac cost $7 in US and a Big Mac cost in Saudi is SAR21.
Using PPP, examine the implied exchange rate for Saudi Ryal against
USD with clear steps. If current spot rate is SAR3.75 / USD, does
PPP hold? And
why?
Using PPP, examine the implied exchange rate for Saudi Ryal against
USD with clear steps. If current spot rate is SAR3.75 / USD, does
PPP hold? And
why?