According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?

This table shows the price-level adjustment as compared to the United States.



A. $60,606

B. $26,400

C. $40,000

D. $13,600


B. $26,400

Economics

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Which of the following is true?

A) The share of government expenditure in the GDP of US has fallen over the last 80 years. B) The share of consumption expenditure in the GDP of US has increased over the last 80 years. C) The share of exports in the GDP of US has grown over the last 80 years. D) The share of exports in the GDP of US has fallen over the last 80 years.

Economics

If a conscientious manufacturer underestimates the true value of life, the manufacturer will likely fail to take all cost-justified precautions

Indicate whether the statement is true or false

Economics

The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________

A) budget deficit; budget deficit B) balanced budget; budget surplus C) balanced budget; budget deficit D) budget surplus; budget surplus E) budget surplus; balanced budget

Economics

An increase in labor productivity shifts the

A) labor demand curve rightward. B) labor demand curve leftward. C) labor supply curve rightward. D) labor supply curve leftward.

Economics