Country: Price-level adjustment:
Australia -0.5
china .25
mexico .34
USA 0
A. $40,000
B. $7,500
C. $22,500
D. $15,000
Answer: C
Australia -0.5
china .25
mexico .34
USA 0
According to the information in the table shown, if someone were earning $30,000 in the United States, approximately what would they have to earn in China to have the same standard of living?
A. $40,000
B. $7,500
C. $22,500
D. $15,000
Answer: C
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