Question: Interpret the PPP based on the data below : YEAR BASE: 1990 CPI: 100% CURRENT YEAR: 1999 CPI: 116% A The P1.00 in 1990 was

Interpret the PPP based on the data below : YEAR BASE:

Interpret the PPP based on the data below : YEAR BASE: 1990 CPI: 100% CURRENT YEAR: 1999 CPI: 116% A The P1.00 in 1990 was worth 0.96 in 1999 B The P1.00 in 1999 was worth 0. 96 in 1990 The P1.00 in 1990 was worth 0.86 in 1999 D The P1.00 in 1999 was worth 0.86 in 1990

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