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Author Question: Briefly explain the difference between absolute and relative PPP. What will be an ideal ... (Read 210 times)

bio_gurl

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on: Jun 30, 2018
Briefly explain the difference between absolute and relative PPP.
 
  What will be an ideal response?

Question 2

What results has the Republic of Korea experienced from its change in policies?
 
  What will be an ideal response?


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aloop

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Absolute PPP deals with levels of variables while relative PPP deals with changes in these variables. Therefore absolute PPP says that the exchange rate between any two currencies is equal to the ratio of their price indexes while relative PPP indicates that the percentage change in the exchange rate is equal to the inflation differentials between the countries.

Answer to Question 2

It has successfully industrialized. Its index of openness is many times greater and incomes have grown almost 6 percent per year over the period.


bio_gurl

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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