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

Examples of national income in a Sentence

Recent Examples on the Web

Low interest rates have already bred imbalances: U.S. property and equity values are roughly back to the peaks, relative to national income, reached before the 2001 and 2007 recessions. WSJ, "Corrections & Amplifications," 11 Sep. 2018 In the past two decades there has been a sharp drop in the share of national income going to working- and middle-class Americans. William A. Galston, WSJ, "Wage Stagnation Is Everyone’s Problem," 14 Aug. 2018 That’s 107% of the national income estimate projected by the CBO. Shawn Tully, Fortune, "Why America's About to Pivot from Cheering the Economy to Fearing the Debt," 9 Feb. 2018 In a 2014 Journal op-ed, Harvard economist Martin Feldstein ticked off a series of fundamental errors, including those related to Mr. Piketty’s practice of comparing the incomes of top earners with total national income. James Freeman, WSJ, "U.S. Income More Equal than Advertised," 12 Dec. 2018 In today’s dollars, that would mean raising per capita gross national income to at least $4,000 a year from the current $800. Gabriele Steinhauser, WSJ, "Rwanda: A Poster Child for Development With a Dark Side," 6 Nov. 2018 The top 1 percent of Americans received 20 percent of national income in 2016, compared with 11 percent in 1980. Jon Talton, The Seattle Times, "No good deed goes unpunished — Bezos’ gift and its discontents," 18 Sep. 2018 Moody’s forecasts that debt to national income will jump to just over 100% by 2027, and that the new tax cuts will have added 5 points to the previous forecasts of around 95%. Shawn Tully, Fortune, "Can America's Economy Keep Up With Its Debt?," 16 Feb. 2018 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

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

17 Mar 2019

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The first known use of national income was in 1878

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