Affect balance of trade, Turkey's price for the Big Mac

Affect balance of trade

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Reference no: EM131094518

Turkey's price for the Big Mac Index is 3.41$ and the US price of a Big Mac is 4.93$ based on this criteria is it over or undervalued? If Turkey's y moves in the direction of indicated by the “Big Mac Index’, how do you think this will affect your Turkey's balance of trade?

Reference no: EM131094518

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