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
Options
(a)growth of population
(b)increase in price level
(c)growth of money supply
(d)increase in the wage rate
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Class 12National Income Accounting— NCERT Economics, Chapter 2. National income accounting measures an economy's yearly flow of production. Only final goods are counted — consumption goods and capital goods — because intermediate…
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