Question: Which statements about relative purchasing power are correct? Multiple select question. It is given by the equation S = P$P . It holds that if

Which statements about relative purchasing power are correct?
Multiple select question.
It is given by the equation S = P$P
.
It holds that if India's inflation rate is 3% higher than China's, then India's currency should appreciate by about 3% relative to China's.
It may hold even when absolute PPP does not hold.
It is given by the equation e =[\pi $\pi 1+\pi ]
.

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