national income


Definition of national income 

: the aggregate of earnings from a nation's current production including compensation of employees, interest, rental income, and profits of business after taxes

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In a recent paper Suresh Naidu, Eric Posner and Glen Weyl estimate that this rise in firms’ power may reduce labour’s share of national income by as much as a fifth. The Economist, "If wages are to rise, workers need more bargaining power," 31 May 2018 From 2000 to 2014 labour’s share of national income fell from just over 57% to below 54%. The Economist, "Worker shortages could heal America’s economy," 12 July 2018 Spending on entitlements, chiefly Social Security, Medicare and Medicaid, are more than twice as large, and consistently outpace national income, a trend that’s unsustainable. Shawn Tully, Fortune, "Why America's About to Pivot from Cheering the Economy to Fearing the Debt," 9 Feb. 2018 The Commission wants to spend 1.11% of Europe’s cumulative gross national income ( GNI ) over the life of the plan, compared with the traditional cap of 1%. The Editorial Board, WSJ, "Europe and the Euroskeptics," 2 May 2018 Dues are apportioned under a cost-sharing formula based on gross national income. David S. Cloud,, "Here's what you need to know about Trump's complaints to NATO allies about defense spending," 11 July 2018 Between 1995 and 2013, workers’ share of national income in the U.S. dropped by eight percentage points – a steeper decline that in any other nation except for South Korea and Poland. Eric Levitz, Daily Intelligencer, "New Study Confirms That American Workers Are Getting Ripped Off," 6 July 2018 The distribution of regional support would be based not just on national income per capita but on other indicators, too, like youth unemployment and migration burdens. Steven Erlanger, New York Times, "If Poland and Hungary Flout European Values, European Aid Could Dry Up," 1 May 2018 But the commission itself is expected to propose a larger budget than the current one, and aim for an overall amount of 1.13 to 1.18 percent of the bloc’s gross national income, compared with 1.03 percent when the current framework was approved. Steven Erlanger, New York Times, "If Poland and Hungary Flout European Values, European Aid Could Dry Up," 1 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'national income.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of national income

1878, in the meaning defined above

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Last Updated

13 Oct 2018

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The first known use of national income was in 1878

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