Consider the following statements and identify the right ones.
i. The data for NI and PCI are collected at current prices.
ii. They are deflated using the deflator index to get value at constant prices.
i only
ii only
both
none
Explanation:
This is done so because the national income can increase either due to increase in production of goods and services or in prices.
This is done so because the national income can increase either due to increase in production of goods and services or in prices.