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,India's standard of living in dollars

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