6) Supposed Thailand GNI per capita for last year was 171,000 baht. If the current exchange rate is 30 baht -$1. a) What is the dollar equivalent of Thailand per capita b) Suppose Big Mac price in the US is $5 and Big Mac in Thailand is 60 baht, what is the per capita in $ using Purchasing Power Parity (PPP). c) When using PPP, is Thailand baht overvalued or undervalued, and by how much? (show calculation).

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