Question : ____________________ is the money value of final goods and services produced by normal resident of a country in an year, measured at the prices of current year.
Option 1: National income at current price
Option 2: National income at constant price
Option 3: Real national income
Option 4: All of the above
Answer (1)
10th Jan, 2024
Correct Answer:
National income at current price
Solution :
National income at current price measures the prices of the current year. It is also known as nominal national income.
Hence option A is correct
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