Can you please help me question number 2? thank you so much

Page 11 of 11 - ZOOM + 10 True or False: 10 minutes Use a verbal sheet. Evaluate each of the following statements as true or false. For each statement, also provide a brief reason (in one or two sentences). 10.1. According to Absolute Purchasing Power Parity (PPP), identical consumption baskets should cost the same in any two countries, once expressed in a common currency. 10.2. Under a floating exchange rate regime, a permanent increase in the price level of the home country leads to a depreciation of the nominal exchange rate. 10.3. Covered Interest Parity (CIP) is more likely to hold than Uncovered Interest Parity (UIP) because UIP does not require the absence of arbitrage, while CIP does. 10.4. If productivity in the nontraded sector improves faster than in the traded sector in the foreign country, then the home economy's real exchange rate appreciates. Macbook Pro O CO