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 145 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
Wow, this really help

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Relative Positional Terms Relative Positional Terms
Absolute Thresholds Absolute Thresholds
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
There Is a Difference between Natural and Added Sugars There Is a Difference between Natural and Added Sugars
Outgroup role in relative rate test Outgroup role in relative rate test
Solve Diophantus’s Problem B–8: To find two numbers such that their difference a Solve Diophantus’s Problem B–8: To find two numbers such that their difference a
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library