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Find the price of a big mac at a local mcdonalds

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Reference no: EM131238978

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

Verified Expert

I took into account the Big Mac Index for answering this question. Enough data was taken from the economist in order to show the price based discrepancy. Referencing and intext has been done Paper is formatted.

Reference no: EM131238978

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