Question

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​

Answer 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).

Answer 2

Answer:

A)Increase in national income