Which of the following statements is true?
A. If the absolute Purchasing Power Parity (PPP) holds good, then the relative PPP also holds good.
B. If the relative PPP holds good, then the absolute PPP also holds good.
C. If the absolute PPP does not hold good, then the relative PPP also will not hold good.
D. If the absolute PPP holds good, then the relative PPP may or may not hold good.
Answer:A
Which of the following statements is true?
A. If the absolute Purchasing Power Parity (PPP) holds good, then the relative PPP also holds good. B. If the relative PPP holds good, then the absolute PPP also holds good. C. If the absolute PPP does not hold good, then the relative PPP also will not hold good. D. If the absolute PPP holds good, then the relative PPP may or may not hold good.