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 193 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
Great answer, keep it coming :)

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
For some Americans, religion is an “easy-going, makes-little-difference” matter, as expressed in ... For some Americans, religion is an “easy-going, makes-little-difference” matter, as expressed in ...
What are examples of ideal forms? What are examples of ideal forms?
Relative Humidity Relative Humidity
There Is a Difference between Natural and Added Sugars There Is a Difference between Natural and Added Sugars
Difference between the house and the senate Difference between the house and the senate
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library