+2 votes
in Class 12 by kratos

The given set of prices which is used for finding out real per capita income, should change frequently. Why?

1 Answer

+1 vote
by kratos
 
Best answer

If the given set of prices used for assessing real per capita income changes frequently, then virtually what we get is nominal per capita income and this defeats the purpose of using or calculating the real per capita income.

Value : Critical thinking

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