Measurement of national income at constant prices constitute its:
Measurement of national income at constant prices constitute its:
(a) Nominal value
(b) Real value
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Anurag Pathak Changed status to publish December 13, 2023
Ans – (b)
Explanation:-
The measurement of national income at constant prices is called Real National income.
It is measured at the constant base year price and changes when the quantity produced changes.
As it gives the idea of real production changes in the economy. It’s value is the real value.
Anurag Pathak Changed status to publish December 13, 2023
