national income

noun

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

Examples of national income in a Sentence

Recent Examples on the Web The top 1% alone earns 27% of the total national income, according to the report. Manavi Kapur, Quartz, 7 Dec. 2021 In fact, the Congressional Budget Office predicts that the recovery will hoist national income to $22.4 trillion this year. Shawn Tully, Fortune, 6 Oct. 2021 Life expectancy tends to track national income closely. Atul Gawande, The New Yorker, 23 Aug. 2021 That’s the standard monetarist sequence, and it’s been followed to a T. To get a handle on what the recent money supply explosion implies for inflation, consider a monetarist model for determining national income. John Greenwood, WSJ, 20 July 2021 According to Treasury officials, labor incomes as a share of the national income have declined relative to capital in recent decades. Sarah Ewall-wice, CBS News, 7 Apr. 2021 By contrast, in the U.S., multifamily construction contributes only about 5% of national income. Shawn Tully, Fortune, 10 Nov. 2021 The low-income countries, as measured by gross national income in relation to population, include Afghanistan, Syria and Ethiopia. Joe Murphy, NBC News, 24 Sep. 2021 According to the World Bank, in 2020, the gross national income per capita of twelve of the fifteen members of ECOWAS stood at less than $2,300 with eight of the twelve standing at less than $1,300. Dounard Bondo, Quartz, 9 Sep. 2021

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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Time Traveler for national income

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The first known use of national income was in 1878

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Dictionary Entries Near national income

national holiday

national income

National Insurance

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Statistics for national income

Last Updated

4 Jan 2022

Cite this Entry

“National income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20income. Accessed 24 Jan. 2022.

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More from Merriam-Webster on national income

Britannica.com: Encyclopedia article about national income

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