3 of the many economic reasons that cause higher per capita personal income are: Increase in...
3 of the many economic reasons that cause higher per capita personal income are:
- Increase in profits
- Fall in inflation
- Growth in GDP and Currency appreciation.
Find some other data related to one of the reasons. Include these data. Explain what these data can add to this analysis.
Homework Answers
Let's take an example of India to explain how - fall in Inflation has increased their per capita income.
Per-capita Income in India;
The government data on national income for the financial year 2019 has shown that the per-capita income is estimated to have risen by 10% to Rupeee 10,534 in the month of March 2019. In 2017-18, the monthly per capita income was Rupees 9,580. Which means per-capita income hasrisen with the good margin.
Inflation rate in India; The inflation rate is started falling in India since July 2018 from 4.17 to fallen upto 1.97 in January 2019.
It is the lowest inflation rate in was happened in India which was at 1.97%.
So we have the evidence that falling in inflation rate increases the per-capita income.
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