The nominal exchange rate is .80 euros per u. s. dollar and a basket of goods in france costs 1,000 euros whilethe same basket costs $800 in the u. s. the nominal exchange rate is 1.2 australian dollars per u. s. dollarand a basket of goods in australia costs 960 australian dollars while the same basket costs $800 in the u. s..which country has purchasing-power parity with the u. s.?
a. both france and australia
b. france but not australia
c. australia but not france
d. neither france nor australia