This Table Shows the Price-Level Adjustment as Compared to the United

question 8

Multiple Choice

This table shows the price-level adjustment as compared to the United States.
According to the information in the table shown,if someone were earning $50,000 in Australia,approximately what would she need to earn in the United States to enjoy the same standard of living?

• A)$75,000
• B)$33,333
• C)$25,000
• D)$37,500

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