Using current exchange rates, the Australian standard of living is ranked: Select one: among the lowest in the world. higher than it would be under...

Using current exchange rates, the Australian standard of living is ranked:

Select one:

a. among the lowest in the world.

b. higher than it would be under the purchasing power parity method.

c. lower than it would be under the purchasing power parity method.

d. number one in the world.

e. None of the above.