National Income Measure

Context:
- It can (typically) exclude Capital Depreciation for the capital that produced the Income.
- It can range from being National Private Income to being National Public Income.
- It can be used to calculate a National Capital to Income Ratio.
Context:
- It can be composed of National Labor Income and National Capital Income.
- It can be associated with a National Income Value.
- It can range from being a National Gross Income Measure to being a National Net Income Measure.
- It can range from being a National Nominal Income Measure to being a National Real Income Measure.
Example(s):
- Gross National Income.
- Net National Income.
- …
Counter-Example(s):
- a National Economic Capital/National Wealth Measure.
- a National Labor Pool.
- a Microeconomic Income Measure.
- a Global Income.
- an Organization Income.
- a Household Income.
- a National GDP.
See: Labor's Share of National Income, Capital's Share of National Income.

References

(Piketty, 2014) ⇒ Thomas Piketty. (2014). “Capital in the Twenty-First Century." Harvard University Press. ISBN:9780674369559
- QUOTE: It will be useful to begin with the concept of “national income,” to which I will frequently refer in what follows. National income is defined as the sum of all income available to the residents of a given country in a given year, regardless of the legal classification of that income. National income is closely related to the idea of GDP, which comes up often in public debate. There are, however, two important differences between GDP and national income. GDP measures the total of goods and services produced in a given year within the borders of a given country. In order to calculate national income, one must first subtract from GDP the depreciation of the capital that made this production possible: in other words, one must deduct wear and tear on buildings, infrastructure, machinery, vehicles, computers, and other items during the year in question.