Answer A: It is hard....

QUESTION 8 According to Deaton (2013) what is the concept of the PPP exchange rate? The market exchange rate between two countries. O The exchange rate which occurs after monetary policy intervention is taken into account. O The exchange rate which makes a dollar worth the same in different countries. O The exchange rate needed to eliminate poverty at the UN mandate of $1.25 per day. QUESTION 9 Why are PPP exchange rate subject to high uncertainty? Hide Course Menu ard to value many services particularly those provided by the government (e.g., Medicare). O It is hard to adjust for quality differences of goods and services internationally (e.g., Men's shirts). O Different tastes and preferences lead to different consumption baskets for two countries (e.g., Marmite). O All of the above