National income at current prices can increase even when the quantum of goods and services produced during the year remains constant.

True

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False

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Solution

The correct option is A
True

Increase in the price level can cause an increase in national income at current prices without an increase in the quantum of goods and services.

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Similar questions

Increase in national income implies increase in the flow of goods and services in the economy.

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National income at current prices can increase even when the quantum of goods and services produced during the year remains constant.

The correct option is A True Increase in the price level can cause an increase in national income at current prices without an increase in the quantum of goods and services.

The correct option is A
True

Increase in the price level can cause an increase in national income at current prices without an increase in the quantum of goods and services.