Question

Differenciate between national income at current prices and national income at constant prices.which of two presents a better view of the economic growth of economy and why?​

Answer 1

Answer:

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Explanation:

National Income at Constant Price: It is the money value of final goods and services produced by normal residents of a country in a year, measured at base year price. ... It shows the true picture of economic growth of a country as any increase in real national income is due to increase in output only.