☰
National Income Accounting
Other things remaining unchanged, when in a country the price of foreign currency
rises, national income is (choose the correct alternative)
Likely to rise
Likely to fall
Likely to rise and fall both
Not affected
A.
Likely to rise
Reason:
Likely to rise: As export is one of the main component of National Income, which
increases as a result of rise in foreign currency price, there is likely an increase in the
National income.
Sponsor Area
Sponsor Area
Sponsor Area