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.

References in periodicals archive ?
One may retort that an increase in real national income, R, is always good news, even if money incomes are falling.
Dry weather and the Middle East Respiratory Syndrome (MERS) outbreak dampened the economic growth in the second quarter, helping drag down the national income growth.
This perspective assumes national output is determined exogenously and fails to adjust national income for net income paid or received on external assets and liabilities, which for many economies can be significant.
The article then summarizes the historic estimates of the effect of schooling on national income in the literature, summarizes the current explanations for the lack of consistency in these estimates, and explains why the latest estimates seem to have more validity.
In terms of gross national income per capita, Lebanon ranked 89th worldwide and 7th in the MENA region in 2008.
Egypt came fourth (50th worldwide) with a gross national income of $ 163.
Thus, we might expect the Danes to continue to maintain an average rating of 8 as national income rises, provided they stay in the same position in the global income rankings.
Even if changes in the share of workers and employers in the national income are small, the amounts involved are significant: in 2005, for example, Israel's national income was NIS 455.
For 36 countries that had no such data available, the researchers modeled solid fuel use based on factors such as gross national income and each country's proportion of rural dwellers.
7 percent of gross national income to overseas aid, yet today only five countries are fulfilling their promise.
Japan's national burden ratio -- the portion of taxes and social welfare premiums in national income -- is projected to rise to 35.

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