Question

Differentiate between monitery national income and real national income ?

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Answer 1

$Answer:-$

$Monitery \: Natinal \: Income:-$

National income at the current prices is termed as monitery natinal income. In this case goods and services produce during the year and valued at the prevailing price of the year.

$Real \: National \: Income:-$

Real national income is the value of the goods and services at the prices of the base year. In other words we can say that goods and services are valued at constant price.

Answer 2

Answer:

Monitery Natinal Income.

National income at the current prices is termed as monitery natinal income. In this case goods and services produce during the year and valued at the prevailing price of the year.

Real National Income.

Real national income is the value of the goods and services at the prices of the base year. In other words we can say that goods and services are valued at constant price.

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Answered By Akhil