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

question 102

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

---

Definitions:

Neighborhood Location

The specific area or place within a larger urban or rural setting where a given community resides.

Formal Economy

The sector of the economy that operates within official regulations and is taxed and monitored by a government.

Work Benefit

Advantages or perks provided to employees in addition to their salary, such as health insurance, retirement plans, paid vacation, and professional development opportunities.

Joblessness

The state of being without a job, often referring to unemployment or the lack of available employment opportunities in an economy.