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SSC Stenographer 2022 PYQ — Question 118

SSC Stenographer - 17 Nov 2022 - Shift 3 • General Awareness • Q118

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The accounting of National Income using constant prices is referred to as ________.

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Correct answer: D

Explanation

The correct answer is Option 4 i.e. Real income.

  • The accounting of national income at constant prices is termed as real income.

  • Real income, an economic metric, calculates an individual's actual purchasing power adjusted for inflation.

Real Income = (1 – Inflation Rate) x Wages