Question

what is Real National Income​

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). More on national income.

Explanation:

Answer 2

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).

Explanation:

Real income is National Income or National Income at Constant Prices (NICOP). It is the rate of growth of NICOP that signifies rate of economic growth. Whereas money income is measured in terms of National Income at Current Prices (NICUP), real income is measured in terms of National Income at Constant Prices (NICOP).