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:

28 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Not pass through any more stages of production or transformations	(I) Capital goods
(B) Consumed when purchased by their ultimate consumers	(II) Intermediate goods
(C) Gradually undergo wear and tear	(III) Final goods
(D) Used by other producers as material inputs	(IV) Consumption goods

Choose the correct answer from the options given below:

22 May Shift 2

There is no leakage from the system then, in which form the entire income of the economy comes back to the producers?

CUET Economics 2023 Slot 3

To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below :