1.

Give three differences between National income at Current price Vs National income at Constant price

Answer»
BasisNational income at Current
price		National income at Constant
price
Causes of
change		It is affected by a change in both
price and quantity		It is affected by change n the
quantity only
CamparisonNot suitable toll for comparing
the national income of different
years		It is generally used for comparing
the national incomes of different
years
Index of
Economic
Growth		Not a good tool for measuring
the economic growth of a
country		It is a better tool for measuring the
economic growth of a country


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