Economy, asked by sushant8914, 1 year ago

what is national income at current and constant price?

Answers

Answered by Asim16Sirnaik
3

Answer:

Current prices are those indicated at a given moment in time, and said to be in nominal value. Constant prices are in real value, i.e. corrected for changes in prices in relation to a base line or reference datum.

National income at constant prices is called real national income whereas national income at current prices is called nominal national income.

Explanation:

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