Question : Which of the following statements are true?
Option 1: 1,2&3
Option 2: 2,3&4
Option 3: 1,3&4
Option 4: 1,2,3&4
Correct Answer: 1,2&3
Solution : National income at constant prices also known as real national income. National income rise is also known as nominal national income. National income at current price is affected by change in both price and quantity. National income at constant prices affected by change in quantity only. Hence, Option A is correct.
Question : Which of the following are the part of national income?
Question : Which of the following are excluded from national income?
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