Solved

In France and Spain,a Big Mac Costs 1 Euro

Question 183

Multiple Choice

In France and Spain,a Big Mac costs 1 euro.Yet the standard of living is higher in ________.


A) Spain if a Big Mac is only a small part of people's consumption and Spain's GDP per capita is higher
B) France if its exchange rate is higher
C) Spain if all other goods are cheaper in Spain than in France
D) France if all other goods also cost the same in Spain and France but the GDP per capita is higher in France

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions