Examlex
Empirical approaches to test validation rely on such method(s) as:
Trade Balance
Trade balance is the difference between the value of a country's exports and imports over a certain period, indicating the relative strength of its international trade.
Investment
The allocation of resources, often financial, into endeavors with the expectation of generating future returns.
Purchasing-Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" to assess the relative value of currencies.
Exchange Rates
The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.
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