Answer to Question #93228 in Macroeconomics for Venkat

Question

Basically, inflation has been a challenging aspect
of policymaking in India because of its level (i.e.,
range in which it dwindles) and stability (how
stable it has been). In such situations growth in
the income levels of the population living below
the poverty level (BPL) can never be measured
accurately (due to higher infation the section will
show higher income) and the government will
never be able to measure the real impact of its
poverty alleviation programmes.
Here 1) how the range of inflation dwindles and what is the meaning of dwindles?
2) how and why higher inflation of the poor show higher income?
3) what is the relation of measuring national income in current prices with below
the poverty level (BPL) and poverty alleviation programmes?
4) How and why national income in current prices during inflation not measured in poor sections and poverty alleviation programs?

Answer 1

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