Question 14 You have just graduated from the University of Sydney. You received 3 job offers from Sydney. London and New York. If all other things are equal, which one do you choose assuming you would like the job to give you the highest living standard? Assume all of your expenditure will take place in the country you are working. Actual exchange rate PPP rate Salary (monthly) Job Venue A$ 1A/US$ A$ 1.2/US5 A$ 5,000 Sydney A$ 2.0/E A$ 2.1/ 2,500 London US$ 44318 US$ 1.75/ US$ 4,000 New York unable to determine as we do not know the price level in these 3 countries London New York Sydney EE $