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The value of national income adjusted for inflation is called:

  1. A
    Per capita income
  2. B
    Disposable income
  3. C
    Inflation Rate
  4. D
    Real National Income

Solution & Step-by-step Explanation

Real National Income refers to the nominal national income adjusted for changes in the general price level or inflation. It is calculated by keeping prices constant at a specific base year, representing the actual volume of goods and services produced.

Practice this question

Try it yourself before checking the explanation above.

The value of national income adjusted for inflation is called:
A
Per capita income
B
Disposable income
C
Inflation Rate
D
Real National Income

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