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 By his calculation, about 75 percent of the top 1 percent’s increase in the share of national income from roughly 1970 to the present came from returns on labor, not capital. Jennifer Schuessler, New York Times, "The Meritocrat Who Wants to Unwind the Meritocracy," 9 Sep. 2019 Whenever the rate of unionization in America has risen in the past hundred years, the top one per cent’s portion of the national income has tended to shrink. Caleb Crain, The New Yorker, "State of the Unions," 19 Aug. 2019 These rises have outpaced both inflation and broader wage growth, and have helped give low-end workers a somewhat bigger share of national income. The Economist, "Australia has the world’s highest minimum wage," 20 July 2019 The best bet is that equity valuations return to a more normal share of national income. Shawn Tully, Fortune, "One of Warren Buffet’s Favorite Metrics is Flashing Red—a Sign That Corporate Profits Are Due for a Hit," 17 July 2019 With a gross national income per capita that’s more than 12 times higher than Madagascar’s, oil-rich Equatorial Guinea has vastly larger resources. Yomi Kazeem, Quartz Africa, "The gap in internet speeds is widening between low and high income countries," 11 July 2019 Photo: China Minzu Daily Businesses connected to the Zhou family helped enrich North Korea as Pyongyang plowed much of its national income into weapons development, according to an investigation by The Wall Street Journal. James T. Areddy, WSJ, "Comrades in Commerce: A Chinese Hero’s Family Nurtures an Alliance With North Korea," 2 Sep. 2018 True, labour’s overall share of national income has fallen and capital’s has risen, but that is primarily attributable to a surge in the returns to owning housing, which is relatively less important to the mega-rich. The Economist, "Rich people’s problems," 6 July 2019 American families are carrying about $1.6 trillion in student loan debt, a massive burden that amounts to nearly 8 percent of national income. Washington Post, "7 ways $1.6 trillion in student loan debt affects the U.S. economy," 26 June 2019

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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Statistics for national income

Last Updated

15 Sep 2019

Time Traveler for national income

The first known use of national income was in 1878

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More from Merriam-Webster on national income

Britannica.com: Encyclopedia article about national income

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