• Home
  • Economics
    • Scarcity
    • Opportunity Cost
    • Goods and services
    • Market and economic systems
    • Economy
    • Production
    • Factors of production
    • Production function
    • Equilibrium
    • Economies of scale
    • Economies of scope
    • Efficiency
    • Productivity
    • Comparative advantage
  • Microeconomics
    • Utility
    • Supply and demand
    • Elasticity
    • Economic surplus
    • Consumer surplus
    • Producer surplus
    • Market failure
    • Market structure
  • Macroeconomics
    • GDP
    • Economics GDP Formula
    • GNP Formula
    • NDP
    • National income
    • Disposable income
    • Aggregate demand
    • Aggregate supply
    • Unemployment
    • Inflation
    • Interest rate
    • Business cycle
    • Central bank
    • Investment
  • Guest Post
Wednesday, September 27, 2023
  • Login
EconGuru
  • Business
    • All
    • Accounting
    • Entrepreneurship
    • Management
    • Marketing
    • MBA
    Guest Experiences at hotel

    Exceeding Expectations: How Offering Unique Guest Experiences Can Drive Hotel Revenue

    Understanding Performance Reporting for Your Company

    Easy Ways to Ramp Up Security for Your Small Business

    3 Things You Should Know Before You Start a Web Design Firm

    5 Ways to Make Money When You Are Disabled

    5 Business Ideas You Can Run From Anywhere In The World

    5 Best Books to Learn Stocks Trading: Study for Successful Investing

    6 Best Real Estate Books to Get You a Solid Education In Real Estate Investing

    Must-Read 5 Best Business Books For Men And Women Who Love Success!

  • Economics
    • All
    • Basic Economic Concepts
    • Economic Data
    • Economic Mathematics
    • Economics Diagrams
    • Economics Education and Careers
    • Environmental Economics
    • International Economics
    • Macroeconomics
    • Microeconomics

    How to Study for an Economics Exam

    Top 100 Dataset Websites & Sources for 2021

    “Capital in the Twenty-First Century” – a comprehensive master piece on world Economy and the reign of inequality

    Freakonomics: a book for unconventional thinkers and practical millenial economist

    Is the Study of Economics Truly a Science?

    What is Your Contribution to National Income?

    The Money Supply: Why We Shouldn’t Just Print Money

    Russia Learning That Keynesian Economics Don’t Work

    Labor Force Participation Rate More Important Than Unemployment

    Trending Tags

    • Finance
      • All
      • Basic Financial Concepts
      • Corporate Finance
      • Personal Finance
      bitcoin

      5 Factors That Affect Bitcoin Prices and Volatility in the Financial Markets

      corporate event speaker

      How To Attract Industry Experts To Speak At Your Next Corporate Event

      Best 4 Personal Finance Software on Amazon

      The best invoicing softwares for small businesses

      5 Best Invoicing Software for Small Businesses

      Cryptocurrency: In Light of the Increased Volatility, Is It Worth the Risk?

      debt collectors

      4 Things You Should Do if You’re Being Harassed by Debt Collectors

      Choosing a Stock Broker Online

      What Should I Ask a Photo Booth Vendor Before Booking?

      The Total Money Makeover, a Must Read Ultimate Guide to Money Management

      Trending Tags

      • Insurance
      • Investing
      • World
        • Markets & Industries
        • Public Economics & Finance
      No Result
      View All Result
      Write for Us
      EconGuru
      • Business
        • All
        • Accounting
        • Entrepreneurship
        • Management
        • Marketing
        • MBA
        Guest Experiences at hotel

        Exceeding Expectations: How Offering Unique Guest Experiences Can Drive Hotel Revenue

        Understanding Performance Reporting for Your Company

        Easy Ways to Ramp Up Security for Your Small Business

        3 Things You Should Know Before You Start a Web Design Firm

        5 Ways to Make Money When You Are Disabled

        5 Business Ideas You Can Run From Anywhere In The World

        5 Best Books to Learn Stocks Trading: Study for Successful Investing

        6 Best Real Estate Books to Get You a Solid Education In Real Estate Investing

        Must-Read 5 Best Business Books For Men And Women Who Love Success!

      • Economics
        • All
        • Basic Economic Concepts
        • Economic Data
        • Economic Mathematics
        • Economics Diagrams
        • Economics Education and Careers
        • Environmental Economics
        • International Economics
        • Macroeconomics
        • Microeconomics

        How to Study for an Economics Exam

        Top 100 Dataset Websites & Sources for 2021

        “Capital in the Twenty-First Century” – a comprehensive master piece on world Economy and the reign of inequality

        Freakonomics: a book for unconventional thinkers and practical millenial economist

        Is the Study of Economics Truly a Science?

        What is Your Contribution to National Income?

        The Money Supply: Why We Shouldn’t Just Print Money

        Russia Learning That Keynesian Economics Don’t Work

        Labor Force Participation Rate More Important Than Unemployment

        Trending Tags

        • Finance
          • All
          • Basic Financial Concepts
          • Corporate Finance
          • Personal Finance
          bitcoin

          5 Factors That Affect Bitcoin Prices and Volatility in the Financial Markets

          corporate event speaker

          How To Attract Industry Experts To Speak At Your Next Corporate Event

          Best 4 Personal Finance Software on Amazon

          The best invoicing softwares for small businesses

          5 Best Invoicing Software for Small Businesses

          Cryptocurrency: In Light of the Increased Volatility, Is It Worth the Risk?

          debt collectors

          4 Things You Should Do if You’re Being Harassed by Debt Collectors

          Choosing a Stock Broker Online

          What Should I Ask a Photo Booth Vendor Before Booking?

          The Total Money Makeover, a Must Read Ultimate Guide to Money Management

          Trending Tags

          • Insurance
          • Investing
          • World
            • Markets & Industries
            • Public Economics & Finance
          No Result
          View All Result
          EconGuru
          No Result
          View All Result

          Home Index Economics Basic Economic Concepts What is Your Contribution to National Income?

          What is Your Contribution to National Income?

          Anthony Carter by Anthony Carter
          March 3, 2015
          in Basic Economic Concepts
          0 0
          A A
          0
          Share on FacebookShare on TwitterShare on LinkedinShare on RedditShare on WhatsappShare by Email

          The government uses a number of different economic measurements to determine the overall health of the economy. One of them is something known as national income. In basic terms, national income is the total amount of income earned by citizens and privately owned businesses for a specific period. The U.S. government typically measures national income annually.

          A broader definition encompasses not only cash income, but also income relating to ownership of resources used to generate cash income. And of course, every measurement of income must be considered on both a net and gross basis. As a citizen or resident of the U.S., your annual income is considered part of the national income and, therefore, part of the overall economy. Whatever money you earn is your contribution to the annual measurement.

          You might also like

          Freakonomics: a book for unconventional thinkers and practical millenial economist

          June 2, 2016

          The Money Supply: Why We Shouldn’t Just Print Money

          February 24, 2015

          Economic Health

          The most interesting thing about national income is that it is rarely reported in the press alongside the other two major indicators: gross domestic product (GDP) and gross national product (GNP). The former is a measurement of the total products and services generated by the national economy while the latter is a measurement of the real value of those products and services.

          The reason we do not hear much about national income in light of these other two measurements comes down to one simple word: inflation. When GDP and GNP both increase, household wages need to increase proportionally in order to keep the economy on track. When wages do not keep up, economic expansion is limited.

          One other thing to consider is that wage growth is directly related to national income. Where wage growth is not as fast as GDP and GNP, national income slips as compared to the other two measurements. Including national income along with the other two gives a clearer picture of economic health. It would stand to reason that government would want to keep the national income number quiet if it were not as healthy as GDP and GNP.

          So, is your contribution to national income as much as you would like to be? Here’s hoping so.

          Previous Post

          The Money Supply: Why We Shouldn’t Just Print Money

          Next Post

          How Do Falling Oil Prices Affect the Overall Economy?

          Anthony Carter

          Anthony Carter

          Anthony Carter currently resides in Fife, Scotland with his wife Lisa, and their three wonderful children. As a senior editor for various publications, if he's not reading and writing, you would find him photographing and traveling to some of the most far-flung locations around the world.

          Related Stories

          Freakonomics: a book for unconventional thinkers and practical millenial economist

          by Koiner
          June 2, 2016
          0

          Freakonomics: a book for unconventional thinkers and practical millenial economist Freakonomics is a book authored by Steven D. Levitt, a...

          The Money Supply: Why We Shouldn’t Just Print Money

          by Anthony Carter
          February 24, 2015
          1

          Anyone who has ever been caught printing counterfeit money knows how serious the Government is about preventing this sort of...

          Russia Learning That Keynesian Economics Don’t Work

          by Anthony Carter
          February 17, 2015
          0

          Ever since British economist John Maynard Keynes introduced his economic theories in the 1930s, there has been an ongoing debate...

          Labor Force Participation Rate More Important Than Unemployment

          by Anthony Carter
          February 10, 2015
          0

          Politicians from both sides of the aisle frequently speak of the unemployment rate as an important economic indicator. And indeed...

          Next Post

          How Do Falling Oil Prices Affect the Overall Economy?

          What is EconGuru?

          EconGuru

          EconGuru was founded in 2006 by a group of Economics students who are passionate about learning and sharing everything in Economics, Finance, and Business.

          The mission is to improve economic and financial literacy of the general public so people can better understand and react to economic problems and make good financial decisions.

          We have no social profiles on any network, and if you like us, bookmark EconGuru.com or share us with your friends.

          Textbooks

          • Intro to Economics
          • Firms & Industrial Structure
          • Fundamentals of Ecology
          • Economics
          • Macroeconomics
          • Microeconomics
          • Useful Links

          © 2006 - 2022 EconGuru - Your premium guide for Economics, Finance, and Business. Privacy

          No Result
          View All Result
          Write for Us
          • Banking
          • Books & Textbooks
          • Business
            • Accounting
            • Entrepreneurship
            • Management
            • Marketing
            • MBA
          • EconGuru
          • Economics
            • Concepts
            • Microeconomics
            • Macroeconomics
            • Economic Data
            • Economic Mathematics
            • Economics Diagrams
            • Education and Careers
            • Environmental Economics
            • International Economics
          • Finance
            • Concepts
            • Corporate Finance
            • Personal Finance
          • History of Economics
            • Economists
          • Insurance
          • Investing
          • Markets & Industries
          • Public Economics & Finance
          • World Economy
          • Login

          © 2006 - 2022 EconGuru - Your premium guide for Economics, Finance, and Business. Privacy

          Welcome Back!

          Login to your account below

          Forgotten Password?

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In
          Are you sure want to unlock this post?
          Unlock left : 0
          Are you sure want to cancel subscription?