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S. The textbook presents a “Big Mac Index" showing the cost of a
Big Mac in different countries. Create your own index of the cost of the coat of a good or service in the U.S. and two other countries using the internet to find prices. Examples of a
service is the cost of hotel room using hilton.com or the cost of a rental car, using avis.com. In each case, find the local price
expressed in the local currency, and convert into dollars using the exchange rate. Then calculate the real exchange rate as the foreign price expressed in dollars divided by the U.S. price.
Exchange rates can. be found. on usforex.con1 but they are also available on many other sites. When comparing' prices across
countries, try to keep the good or service as similar as possible; for example compare the a room with two double beds at the same hotel chain. Report the good or service you are using,
the local price, the exchange rate, the price in U.S. dollars,
and the real exchange rate. Your answer should. be in the following format: Country Local Price Exchange Rate Dollar Price Real Ex.Rate

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