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

Country	Price-Level Adjustment
Australia	-0.50
China	0.25
Mexico	0.34
United States	0.00

According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?

• $35,000

• $15,000

• $20,030

• $30,303

2) A good that is most likely to be in the producer price index is:

• industrial machinery.

• SUV.

• spaghetti.

• All of these are in the PPI.

3) Using the information below:

Year	CPI
2005	94
2006	99
2007	100
2008	104
2009	117

Using the information in the table shown, the rate of inflation from 2005 to 2006 was:

• 5.00%.

• 5.32%.

• 5.05%.

• 6.00%.

4)

Year	CPI
2010	95
2011	100
2012	105
2013	104
2014	106

According to the table shown, how do we interpret what happened between 2011 and 2014? The cost of living:

• decreased 0.98%.

• increased 6%.

• decreased 2%.

• increased 1.06%.