Which of the following statements is the most accurate?
A) Relative PPP is not a reasonable approximation to the data.
B) Relative PPP is sometimes a reasonable approximation to the data but often performs poorly.
C) Relative PPP is sometimes a reasonable approximation to the data.
D) PPP is sometimes a reasonable approximation to the data.
E) PPP is sometimes a reasonable approximation to the data but usually performs poorly.

Question

Quizplus · Accepted Answer

Relative PPP can sometimes approximate real-world data, but it often does not hold due to factors like transportation costs, tariffs, and market imperfections, leading to poor performance in many cases.

Which of the Following Statements Is the Most Accurate