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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
 


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 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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