The table shown displays the price-level adjustments for Australia, China, and Mexico as compared to the United States. A person who makes $35,000 would be able to buy more goods and services living in _______ than any of the other countries in this table.

Question

The table shown displays the price-level adjustments for Australia, China, and Mexico as compared to the United States.  A person who makes $35,000 would be able to buy more goods and services living in _______ than any of the other countries in this table.

Quizplus · Accepted Answer

The table shows that Mexico has the lowest price-level adjustment compared to the United States, meaning that goods and services are relatively cheaper in Mexico. Therefore, a person making $35,000 would be able to buy more goods and services in Mexico than any of the other countries listed.

The Table Shown Displays the Price-Level Adjustments for Australia, China