Question : Which of the following statement are true?
- National income at current price is not suitable for comparing the national income of different years.
- National income at constant price is not used for comparing the national income of different years.
- National income at current price does not show the true picture of economic growth.
- National income at constant price does not shows the true pictures of economic growth.
Option 1: 1&3
Option 2: 2&4
Option 3: All of the above given statements are true.
Option 4: None of the given statements are true.
Answer (1)
25th Jan, 2024
Correct Answer:
1&3
Solution :
National income at current price is not suitable for comparing the national income of different years.
National income at current price does not show the true picture of economic growth.
Hence, Option A is correct.
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