This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Briefly explain the difference between absolute and relative PPP. What will be an ideal ... (Read 148 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aloop

  • Sr. Member
  • ****
  • Posts: 315
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

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
:D TYSM

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

The difference between AZT-sensitive versus AZT-resistant reverse transcriptases The difference between AZT-sensitive versus AZT-resistant reverse transcriptases
Brachial Plexus drawing plus the difference in the forearm Brachial Plexus drawing plus the difference in the forearm
The difference between a human and an ape. The difference between a human and an ape.
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ... Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ...
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library