Question

with a rise in real national income, welfare of the people
a.rises
b.falls
c.reamins unchanged
d. none of rhe above

Answer 1

With the rise in the real national income, the economic welfare of the people rises.

This is the positive change as when people invest more on the commodities, they are directly or indirectly contributing to the total national income of the economy.

However, this determination is dependent upon several factors.

Answer 2

• This is the positive change as when people invest more on the commodities

• with the rise in real national income the welfare of people also rises

INCREASE IN NATIONAL INCOME

• , they are directly or indirectly contributing to the total national income of the economy.
• However, this determination is dependent upon several factors.

• This is the positive change as when people invest more on the commodities

• with the rise in real national income the welfare of people also rises