When Switching from the "Current Exchange Rate" Method to the "Purchasing

Multiple Choice

When switching from the "current exchange rate" method to the "purchasing power parity" method, Russia's standard of living in dollars:

A) leapfrogs over that of Australia.
B) rises, but still remains far below that of Australia.
C) decreases.
D) rises almost to the level of Australia.
E) remains essentially the same.