Which of the following will increase the nominal value of national income?

SirClassic

3 years ago

Nominal value is the deflated value of income, goods & services.
This simply means that there will be increase in the value (i.e, purchasing power) of money.

On the other hand, Subsistence production means producing for basic individual or family needs and consumption. This simple implies that production is NOT meant for sale or the market.
Thus, this will lead to...
01. Shortage of national output ( goods available for sale)
02. Decrease in national income
03. Shortage of goods available for sale
04. Demand pull inflation, etc.

Therefore, the correct answer is option B.
A. High rate of inflation
B. increase in the value of money
C. Increase in import
D. High rate of subsistence production

olohideba

2 years ago

Pls the answer to this question is b, my school pls look into this