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Is Stock of raw material left last year includes in national income ?Answer with reason

Posted by Madhulika Verma 6 years, 10 months ago

CBSE > Class 11 > Economics

1 answers

Riddhesh Nadkarni 6 years, 10 months ago

No, it will not be included. While calculating national income we are only looking at fresh factor contributions for the current year. That is one of the reasons why we also do not include second hand goods in the national income.

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