Question : ______________- shows the change in price levels between two different time periods.
Option 1: Price index
Option 2: National income at constant prices
Option 3: National income at current prices
Option 4: None of the above.
Correct Answer: Price index
Solution : Price index is an index numbers which shows the change in price level between two different time periods. Hence, Option A is correct.
Question : _____________ is used for comparing the national income of different years.
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.
Question : Which of the following statement are true?
Question : Which of the following statements are true?
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.
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