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Question : Accounting of National Income at constant prices is known as____________.

Option 1: Money income

Option 2: Current income

Option 3: Domestic income

Option 4: Real income


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Real income


Solution : The correct answer is Real income.

Accounting of National income at constant prices is known as Real income. It is known as real income because National income at constant prices is a true measure of the purchasing power of the people. If the National income at constant prices increases, it means that the purchasing power of the people has gone up.

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