Question : Which of the following statement(s) is/are False?
A) The impact of externality is always positive.
B) Real national income means national income at constant prices.
Option 1: Only B
Option 2: Only A
Option 3: Neither A nor B
Option 4: Both A and B
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Correct Answer: Only A
Solution : The correct option is Only A statement.
Both positive and negative externalities are possible. They come into being when one individual or thing's deeds impact another's life and welfare. An indicator of the purchasing power of the populace is the national income at constant prices. As a result, another name for it is the real national income.
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