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
 

Question : _____________ is used for comparing the national income of different years.
 

Option 1: National income at current prices
 

Option 2: National income at constant prices
 

Option 3: Nominal national income
 

Option 4: None of the above
 

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 statements are true?

1. Aggregate demand and aggregate expenditure means the same.
2. Aggregate demand is a stock concept.
3. Aggregate demand refers to the planned expenditure.
4. Aggregate demand and market demand are one and the same thing.

Option 1: Only 2&4
 

Option 2: Only 1&4
 

Option 3: Only 1&3
 

Option 4: Only 1&2
 

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