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Multiple Choice Questions

Real national income measures ........

Economics- Phase (I & II) National Income Accounting
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    Real national income measures:

    Nominal national income adjusted for population change

    Incorrect Answer

    Nominal national income adjusted for unemployment

    Incorrect Answer

    Nominal national income adjusted for inflation

    Correct Answer

    Nominal national income adjusted for exchange rates

    Incorrect Answer
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    Explanation:

    Real national income is nominal or money national income (output) adjusted for inflation. It is also national income at 'at constant prices. The most frequently used measure of national income is Gross Domestic Product (GDP).

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