The growth rate of Per Capita Income at current prices is hi

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Economics

42

M: +2.00/-0.67

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

I.A.S. (Pre) 2000

[Economic Development - Nature, GDP]

A

growth of population

B

increase in price level

C

growth of money supply

D

increase in the wage rate

EXPLANATION

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