Question

National Income at constant Prices​

Answer 1

If goods and services produced in a year are valued at fixed prices, i.e., prices of the base year, we get national income at constant prices. Constant prices refer to the prices prevailing in the base year.

Answer 2

Answer:

National income at constant prices:

• If goods and services produced in a year are valued at fixed prices, i.e., prices of the base year, we get national income at constant prices. Constant prices refer to the prices prevailing in the base year.

Explanation:

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