A Basket of Goods Cost $800 in the U

Multiple Choice

A basket of goods cost $800 in the U.S.The same basket of goods costs $1,000 in France and the exchange rate is .80 euros per dollar.The same basket of goods costs 960 Australian dollars and the exchange rate is 1.2 Australian dollars per U.S.dollar.Purchasing power parity with the U.S.holds in

A) both France and Australia
B) France but not Australia
C) Australia but not France
D) neither France nor Australia