The growth rate of per capita income at current prices is higher than that of per capita income at c...........

Economic Affairs Growth and Indicators

The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

growth of population

increase in price level

growth of money supply

increase in the wage rate

छोटे Courses बड़े Results

Master Growth and Indicators

Prepare through Micro-courses

Try Now

Explanation:

The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of increase in price level.