Macroeconomics MCQ Macroeconomics Chapter 8 According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

Macroeconomics Chapter 8

This table shows the price-level adjustment as compared to the United States.

Country: Price-level adjustment:
Australia -0.5
china .25
mexico .34
USA 0

According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

A. $60,606

B. $26,400

C. $40,000

D. $13,600

Answer: B

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If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Macroeconomics MCQ

According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

Learn More :

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