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What is the value of national income adjusted for inflation 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 represents the value of national income adjusted for inflation. It reflects the actual volume of goods and services produced by an economy at constant base-year prices, whereas nominal national income is measured at current market prices.

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What is the value of national income adjusted for inflation called?
A
Per Capita Income
B
Disposable Income
C
Inflation Rate
D
Real National Income

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EconomicsNational IncomeInflation

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