29. The world 'Real' in Real National income refers to
A. Increase in national income
B. Increase in per capita income
C. The purchasing power of income
D. Price decrease of income and expense
Answers
Answered by
1
Answer:
Real national income is nominal or money national income (output) adjusted for inflation. It is also national income at 'at constant prices. The most frequently used measure of national income is Gross Domestic Product (GDP).
Answered by
1
Answer:
A)Increase in national income
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