A look at Big Mac prices around the world, after adjusting for differences in real GDP per capita in each country, shows
A. nearly all countries with a PPP-adjusted Big Mac price below the U.S. price.
B. all developed countries with a PPP-adjusted Big Mac price above the U.S. price and all less developed countries below.
C. about half of countries with a PPP-adjusted Big Mac price above the U.S. price and half below.
D. nearly all countries with a PPP-adjusted Big Mac price above the U.S. price.
Answer: C
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