Your friend who works as a trading analyst in Sydney, Australia is offered a job position in Barcelona, Spain. The wage
Posted: Sat Mar 19, 2022 5:56 pm
Your friend who works as a trading analyst in Sydney, Australia
is offered a job position in Barcelona, Spain. The wage for the
Spanish job is EUR173122 per year. The price level in Spain is
EUR12540. The price level for an equivalent basket of goods in
Australia is AUD10685. The current spot rate is EUR1.1543/AUD. All
else equal, how much does your friend need to earn in Sydney to
make her as well off as when she would take the job in Spain? a.
AUD 147513 b. AUD 203177 c. AUD 170274 d. AUD 127794 e. AUD
234528
is offered a job position in Barcelona, Spain. The wage for the
Spanish job is EUR173122 per year. The price level in Spain is
EUR12540. The price level for an equivalent basket of goods in
Australia is AUD10685. The current spot rate is EUR1.1543/AUD. All
else equal, how much does your friend need to earn in Sydney to
make her as well off as when she would take the job in Spain? a.
AUD 147513 b. AUD 203177 c. AUD 170274 d. AUD 127794 e. AUD
234528