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

Macro

Easy

Nominal Income

Real Income

Domestic Income

GDP Deflator

✅ Correct Option: 2

Related questions:

CUET Economics 2023 Slot 6

Match List I with List II

LIST I	LIST II
A. Stocks	I. Expected constant loss in value of a capital
B. Flows	II. Unexpected destruction of capital
C. Depreciation	III. Have time dimension
D. Capital loss	IV. Do not have any time dimension

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21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GNP at Market price	(I) $GDP_{MP}$ + NFIA
(B) GDP at Market price	(II) NI - Undistributed profits - Net interest payments made by households - Corporate tax + Transfer payments to the households from the government and firms
(C) Personal income	(III) C + I + G + X - M
(D) Private income	(IV) Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

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30 May Shift 1

Which of the following makes GDP an inappropriate index of welfare?

(A) Distribution of GDP.

(B) Externalities.

(D) Price Index.

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