national income


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Related to national income: National Income Statistics

National Income

The total income of the persons in a nation. Gross domestic product is calculated by adding together total consumer spending, total government spending, total business spending, the value of net exports and payments received from other countries. One then subtracts all payments made to other countries and indirect business taxes. While it is not as common a measure as GDP, it may be used as a measure of the health of a country's economy. See also: GNP.

national income

or

factor income

the total money income received by households in return for supplying FACTOR INPUTS to business over a given period of time. National income is equal to NET NATIONAL PRODUCT and consists of the total money value of goods and services produced over the given time period (GROSS NATIONAL PRODUCT) less CAPITAL CONSUMPTION.

See NATIONAL INCOME ACCOUNTS, CIRCULAR FLOW OF NATIONAL INCOME.

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Following the bursting of the hi tech bubble and the outbreak of the intifadah in 2000, in 2001 the national income grew by only 1.
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The history of Indian national income estimates goes back to 1876 when Dadabhai Naoroji made the first crude estimates for the year 1867-68.
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September 25 2011 (TUR) -- Turkish Development Minister Cevdet Yilmaz said that Turkey targeted to have more than two trillion USD of national income by 2023.
03 percent of national income, a government research institute said Monday.
NetGain, the leading independent blog providing value-added information for evaluating income property investments, is proud to introduce its new National Income Property Index (NIPI), slated to be the preeminent income property guide for increasing ROI and minimizing investment risk.
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6 trillion yen, the first decline in four years, the EPA said in an annual report on national income.

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