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Is mineral wealth of a nation included/excluded in national income?

533 viewsDecember 8, 2023National Income and related aggregates

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Anurag Pathak28.27K December 8, 2023 0 Comments

Is mineral wealth of a nation included/excluded in national income?

Anurag Pathak Changed status to publish December 8, 2023

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Anurag Pathak28.27K Posted December 8, 2023 0 Comments

No,

It is a part of National wealth and is not included in national income. However, that part of mineral wealth that has been extracted during the current year will be included in national income under the product method.

Anurag Pathak Changed status to publish December 8, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.