Country: Price-level adjustment:
Australia -0.5
china .25
mexico .34
USA 0
A. $30,303
B. $35,000
C. $20,030
D. $15,000
Answer: A
Australia -0.5
china .25
mexico .34
USA 0
According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
A. $30,303
B. $35,000
C. $20,030
D. $15,000
Answer: A
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