Is Destruction of building due to an earthquake included/excluded in National Income?
Is Destruction of building due to an earthquake included/excluded in National Income?
Anurag Pathak Changed status to publish December 8, 2023
No,
Destruction of buildings due to an earthquake will not be included in the national income as it will not affect national product directly.
Explanation:-
It is a natural calamity and does not contribute to any flow of goods and services in the economy.
Thus will not be included in the national income.
Anurag Pathak Changed status to publish December 8, 2023
