Question : ___________________ is the money value of final goods and services produced by the nominal resident of a country in a year, measured at this year‘s price.
Option 1: National income at current price
Option 2: National income at constant price
Option 3: Nominal national income
Option 4: All of the above
Answer (1)
24th Jan, 2024
Correct Answer:
National income at constant price
Solution :
Real national income or national income at constant price measures at base year price.
Hence option B is correct.
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