Question
A candidate fron Iceland gets the following two job offers. A job that pays $50,000 a year in the US and a job that pays
A candidate fron Iceland gets the following two job offers.
A job that pays $50,000 a year in the US and a job that pays 40,000 a year in UK. The exchange rate in the market is $1.25 per pound and the PPP based exchange rate is $1.30 per pound. Which offer is more attractive in terms of the standard of living it offers?
The Job in the US
The Job in the UK
Both Jobs are equally attractive
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
