This is the foundation of national-income accounting, and it’s true by construction. GDP is defined as the sum of these things. Nothing in this equation tells us how the economy actually works.

In the decades following World War II, national accounts provided a measure that reflected economic progress throughout the country. From 1963 to 1979, as the economy grew, people at all levels ...

Labour’s share in national income is ... paper by Gene Grossman and Ezra Oberfield of Princeton University trawls Google Scholar and finds that more than 12,000 economics papers containing the ...

It’s not a measure of national income, consumption, or wealth, but specifically of production. Imports don’t reduce domestic output — they simply reflect where the output originated.

The World Bank’s recent update of its country income classifications, based on gross national income (GNI) per capita for 2024, sparked renewed interest, especially since the Philippines ...

Researchers then need to account for the 30-40% of national income that is not even reported on tax returns—including some employer-provided benefits and government welfare.

Ireland's national income, a key measure of economic growth, rose by 4.8% last year according to the latest figures from the ...