The National Income is more at current prices than at constant prices because: [CDS 1992]

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Question:

The National Income is more at current prices than at constant prices because: [CDS 1992]

A.

increase in price is equal to increase in production

B.

increase in price is more than production

C.

increase in production is more than increase in price

D.

of decrease in production only

Answer» c. increase in production is more than increase in price

Note: The above multiple-choice question is for all general and Competitive Exams in India.