Question

When national income is calculated with reference to a base year, it is called:?

Answer 1

the total amount of income accruing to a country from economic activities in a year's time is known as national income. National income can be measured in terms of money in two ways—at current prices and at constant prices.

or

When we say that national income is a single measure of economic growth of a country, we mean national income at constant prices and not national income at current prices.

Answer 2

Answer:

The answer is (B) Real national income.

Explanation:

real national earnings is nominal or money national earnings (output) adjusted for inflation. it's also countrywide earnings at 'at steady expenses. The maximum frequently used measure of national earnings is Gross home Product (GDP). extra on national income.

#SPJ2