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

question 7

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 $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