Accounting of National Income at constant price is called : Option 1: Nominal Income Option 2: Real Income Option 3: Domestic Income Option 4: GDP Deflator

The answer is 'Real Income'. View full solution:

CUET Economics - Accounting of National Income at constant price is called : | PYQs + Solutions

CUET Economics 2023 30 May Shift 1

Macro

Easy

Nominal Income

Real Income

Domestic Income

GDP Deflator

✅ Correct Option: 2

Related questions:

28 May Shift 2

A country in the year 2000 produced 100 units of bread at price of Rs 10 per bread. GDP at current price was Rs 1,000. In 2001 the same country produced 110 units of bread at price Rs 15 per bread. What is the GDP deflator?

21 May Shift 1

Arrange the following in order as per Income method of measuring national Income.

(A) Classifying the production units into primary, secondary and tertiary sector on the basis of their occupational activities

(B) Adding the net factor income from abroad.

(D) Finding the factor payments made by each production unit and classifying it into compensation of employees, operating surplus and mixed income.

Choose the correct answer from the options given below:

29 May Shift 2

Which G.D.P. is the indicator of growth and development of a country?

CUET Economics 2023 30 May Shift 1 PYQs

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