According to the table shown, if Bob is earning $30,000 in the United States and Bill is earning $40,000 in Mexico, what can be said about their standards of living?
This table shows the price-level adjustment as compared to the United States.
A. Bill is earning more in real terms than Bob.
B. Bob is earning more in real terms than Bill.
C. Bob and Bill are earning the same amount in real terms.
D. Bob and Bill are earning the same amount in nominal terms.
B. Bob is earning more in real terms than Bill.
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Moving along the short-run Phillips curve, if ________ increases, then ________ decreases
A) unemployment; the price level B) inflation; real GDP C) inflation; unemployment D) unemployment; the expected inflation rate E) inflation; the price level
Which group came out of World War I (1914–18) better off?
(a) Industrial and agricultural workers (b) Creditors (c) Individuals depending on investment (d) People living on fixed incomes
Since World War II, the percentage of U.S. workers who are unionized has declined from about 86 percent to its current level of 60 percent
a. True b. False Indicate whether the statement is true or false
If the tax increases as the tax base increases, the tax is said to be
a. proportional. b. regressive. c. digressive. d. progressive.