The price of the Big Mac in different countries Each year, The Economist publish

Question

The price of the Big Mac in different countries Each year, The Economist publishes data on the price of the Big Mac in different countries and exchange rates. The following table shows some data used for the index in 2007 and in 2011. Use this information to answer the questions that follow. In 2007, the most expensive Big Mac (in U.S. dollars) was sold in , whereas in 2011, the priciest Big Mac was sold in . Assuming that the local currency price of the Big Mac in each country reflects the overall price level in that country, measure the percentage change in the overall price level from 2007 to 2011. Which of the nations experienced the highest inflation? United States Canada Argentina Japan

Explanation / Answer

Answer should be ARGENTINA.

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