Question : ______________- shows the change in price levels between two different time periods.
 

Option 1: Price index
 

Option 2: National income at constant prices
 

Option 3: National income at current prices
 

Option 4: None of the above.
 

Question : Which of the following statement are true?

1. National income at current price is not suitable for comparing the national income of different years.
2. National income at constant price is not used for comparing the national income of different years.
3. National income at current price does not show the true picture of economic growth.
4. National income at constant price does not shows the true pictures of economic growth.

Option 1: 1&3
 

Option 2: 2&4
 

Option 3: All of the above given statements are true.
 

Option 4: None of the given statements are true.
 

Question : ____________________ is the money value of final goods and services produced by normal resident of a country in an year, measured at the prices of current year.
 

Option 1: National income at current price
 

Option 2: National income at constant price
 

Option 3: Real national income
 

Option 4: All of the above
 

Question : ___________________ is the money value of final goods and services produced by the nominal resident of a country in a year, measured at this year‘s price.

Option 1: National income at current price
 

Option 2: National income at constant price
 

Option 3: Nominal national income
 

Option 4: All of the above
 

Question : Which of the following statements are true?

1.  National income at constant prices also known as real national income. 
2. National income rise is also known as nominal national income.
3. National income at current price is affected by change in both price and quantity.
4. National income at constant price is effected by change in price only.

Option 1: 1,2&3
 

Option 2: 2,3&4
 

Option 3: 1,3&4
 

Option 4: 1,2,3&4