Suppose individuals wish to obtain the most accurate comparison of living standards between the us and saudi arabia. to do so, one would convert saudi arabian output into dollars
a) the current nominal exchange rate.
b) the current real exchange rate.
c) the prior year's real exchange rate.
d) an average of the last five years' exchange rates.
e) purchasing power parity methods.
currently promoted is that you should never spend more than 1/3 of your gross income. 33.3%. how much money should be set aside in an emergency fund? three to at least 20% should go towards transportation. at most