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Answer» Difference between National Income at the constant price and National Income at the current price. | National Income of constant price | National Income of current price | | (1) It is termed as national income at Base year constant price. | (1) It is termed as national income at current year price. | | (2) It is value of current year ‘s output at Base year’s price. | (2) It is value of current year ‘s output at current year’s prices. | | (3) It show an increase only when current year ‘s output of goods and services increase. | (3) It can also show an increase in case of no increase in production in current year. | | (4) It is a reliable index of economic growth. | (4) It is not a reliable index of economic growth. |
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