The growth rate of per capita income at current prices is higher than that of per capita income at constant prices,

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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 : 

(a) growth of population 

(b) increase in price level 

(c) growth of money supply 

(d) increase in the wage rate


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Salim Ahmed Kawsar

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(b) National income calculated on the basis of current price levels whereas National income at constant prices means that NI is being calculated by using a base year prices to arrive at real change in the NI National Income at constant prices indicates the actual performance of the economy.

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