{"id":4146,"date":"2022-08-10T23:00:43","date_gmt":"2022-08-10T23:00:43","guid":{"rendered":"https:\/\/mundanopedia.com\/?p=4146"},"modified":"2023-08-30T21:05:48","modified_gmt":"2023-08-30T21:05:48","slug":"national-income","status":"publish","type":"post","link":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/","title":{"rendered":"National Income: Definition, Theories, Formula & Distribution"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4146\" class=\"elementor elementor-4146\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17366cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17366cd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e61e6c9\" data-id=\"e61e6c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-676c682 elementor-widget elementor-widget-global elementor-global-3790 elementor-widget-heading\" data-id=\"676c682\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-small\"><a href=\"https:\/\/mundanopedia.com\/economics\/\">ECONOMICS<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-960fa25 elementor-widget elementor-widget-text-editor\" data-id=\"960fa25\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1><strong>National Income: Definition, Theories, Formula & Distribution<\/strong><\/h1>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c3ed0c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3ed0c1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48ec456\" data-id=\"48ec456\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7eff3c5 elementor-widget elementor-widget-image\" data-id=\"7eff3c5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png\" class=\"attachment-medium_large size-medium_large wp-image-4211\" alt=\"National Income Definition, Theories, Formula and Distribution\" srcset=\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png 768w, https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-300x300.png 300w, https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-150x150.png 150w, https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-12x12.png 12w, https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution.png 800w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3aad1e elementor-widget elementor-widget-text-editor\" data-id=\"a3aad1e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><strong>National income<\/strong><\/h2><p>National income is the monetary value of the sum total of all final goods and services produced by the <a href=\"https:\/\/mundanopedia.com\/economics\/factors-of-production\/\">factors of production<\/a> of a country during a year expressed in <a href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/money\/\">money<\/a> at current prices. In other words, they are the income of a country, produced by national agents at market prices, which is the opposite of what it costs to produce them.<\/p><p>National income is a concept used by economists to measure the functioning of an <a href=\"https:\/\/mundanopedia.com\/economics\/microeconomics\/economics\">economy<\/a> and three important variables are used to measure it: National income, <a href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/gross-domestic-product-gdp\/\">Gross domestic product<\/a> and national expenditure.<br \/>The relationship between the magnitudes used to measure them is that, what is produced is what is consumed, and to consume, agents have to spend. Services or intermediate goods that are used in the production process should not be counted, so double counting doesn’t occur when calculating it.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45c0939 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-global elementor-global-3896 elementor-widget-table-of-contents\" data-id=\"45c0939\" data-element_type=\"widget\" data-settings=\"{"headings_by_tags":["h2","h3","h4","h5"],"exclude_headings_by_selector":[],"marker_view":"numbers","no_headings_message":"No headings were found on this page.","minimize_box":"yes","minimized_on":"tablet","hierarchical_view":"yes","min_height":{"unit":"px","size":"","sizes":[]},"min_height_tablet":{"unit":"px","size":"","sizes":[]},"min_height_mobile":{"unit":"px","size":"","sizes":[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tContents\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__45c0939\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__45c0939\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__45c0939\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-104966a elementor-widget elementor-widget-text-editor\" data-id=\"104966a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><strong>Distribution Theories of national income<\/strong><\/h2><p>The way in which national income is distributed can occur in different ways, depending on the political and <a href=\"https:\/\/mundanopedia.com\/economics\/microeconomics\/schools-of-economic-thought\/\">economic ideology<\/a> that addresses this issue, from Marxist to capitalist ideologies.<\/p><ul><li><h3><strong>Distribution without measurement rate<\/strong><\/h3><\/li><\/ul><p>It comes from the <a href=\"https:\/\/mundanopedia.com\/economics\/microeconomics\/marxism-theory\/\">socialist<\/a> utopia and establishes that everyone will work according to their ability and receive resources according to their needs. But this assumes that production has been achieved efficiently and it’s so abundant that it can be stored and people will be able to get what they require for free without restriction.<\/p><p>However, the truth is that it’s not feasible because what would happen is that everyone would take as much as possible and want the best. Even if the distribution were done with the highest civic order, waste would occur and there would be negative repercussions on the future production and employment process because there is no adequate control on consumption.<\/p><ul><li><h3><strong>Distribution in kind<\/strong><\/h3><\/li><\/ul><p>The theory supposes an authoritarian planning of the distribution of production, there is a decoupling between the planning of production and the one of consumption.<\/p><p>The government establishes a type of reasoning where the amount of each product that corresponds to each member of society is set. This necessarily includes regulating the needs and preferences of consumers, something that no society has accepted but has been imposed in many cases, those who support these measures tend to be socialists.<\/p><ul><li><h3><strong>The functional distribution of value<\/strong><\/h3><\/li><\/ul><p>The purchasing power of individuals depends on their contribution to the production process, their purchasing power will depend on the contribution they make to the national income. People are able to purchase goods and services according to their preferences and needs with no limitations other than their economic availability.<\/p><h2><strong>The national income distribution system most widely adopted by countries<\/strong><\/h2><p>The national income distribution system most widely adopted by countries is the “functional value distribution system” because it’s where there is a balanced link between production and consumption.<\/p><p>When the subjects participate in the production process, they receive remuneration and this allows them to acquire the goods and services in the quantity and particular preferences, without other limits than those derived from their contribution to production and their income.<\/p><p>Societies like to make decisions without having more restrictions than those resulting from coexistence and the rights of others. <a href=\"https:\/\/www.merriam-webster.com\/dictionary\/meritocracy\">Meritocracy<\/a> stimulates the action of <a href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/economic-analysis\/\">economic subjects<\/a> and creates collective well-being. Furthermore, restricting freedom goes against the nature of man, especially in these cases, that is why no government should intervene in an authoritarian manner in how its population satisfies their needs.<\/p><h2><strong>Problems affecting the redistribution of national income<\/strong><\/h2><p>The problems that affect the redistribution of income are the distortion that is generated when trying to achieve that objective because the excuse of redistribution is used but for populist political purposes that often lead to greater poverty and inequalities.<\/p><p>The most <a href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/economic-development\/\">developed countries<\/a> of America and Europe allocate many resources to social programs that protect children, the poor, the elderly, the disabled, and sometimes the <a href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/unemployment\/\">unemployed<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf9a5f8 elementor-widget elementor-widget-global elementor-global-3899 elementor-widget-heading\" data-id=\"bf9a5f8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-large\">See also<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8bc2733 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8bc2733\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d1d4c3\" data-id=\"4d1d4c3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2b4381 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"c2b4381\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[153,145,147],"tags":[],"class_list":["post-4146","post","type-post","status-publish","format-standard","hentry","category-accounting","category-economics","category-macroeconomics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National Income: Definition, Theories, Formula & Distribution<\/title>\n<meta name=\"description\" content=\"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Income: Definition, Theories, Formula & Distribution\" \/>\n<meta property=\"og:description\" content=\"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundanopedia\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-10T23:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-30T21:05:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png\" \/>\n<meta name=\"author\" content=\"VeronicaGomez01\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"VeronicaGomez01\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mundanopedia.com\/economics\/national-income\/\",\"url\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/\",\"name\":\"National Income: Definition, Theories, Formula & Distribution\",\"isPartOf\":{\"@id\":\"https:\/\/mundanopedia.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png\",\"datePublished\":\"2022-08-10T23:00:43+00:00\",\"dateModified\":\"2023-08-30T21:05:48+00:00\",\"author\":{\"@id\":\"https:\/\/mundanopedia.com\/#\/schema\/person\/93340b921ebfa1daa4a4888660e2f6c6\"},\"description\":\"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.\",\"breadcrumb\":{\"@id\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage\",\"url\":\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution.png\",\"contentUrl\":\"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution.png\",\"width\":800,\"height\":800,\"caption\":\"National Income Definition, Theories, Formula and Distribution\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mundanopedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"National Income: Definition, Theories, Formula & Distribution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mundanopedia.com\/#website\",\"url\":\"https:\/\/mundanopedia.com\/\",\"name\":\"Mundanopedia\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mundanopedia.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/mundanopedia.com\/#\/schema\/person\/93340b921ebfa1daa4a4888660e2f6c6\",\"name\":\"VeronicaGomez01\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mundanopedia.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d594803925bda9bc86867b2397166e54?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d594803925bda9bc86867b2397166e54?s=96&d=mm&r=g\",\"caption\":\"VeronicaGomez01\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"National Income: Definition, Theories, Formula & Distribution","description":"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/","og_locale":"en_US","og_type":"article","og_title":"National Income: Definition, Theories, Formula & Distribution","og_description":"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.","og_url":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/","og_site_name":"Mundanopedia","article_published_time":"2022-08-10T23:00:43+00:00","article_modified_time":"2023-08-30T21:05:48+00:00","og_image":[{"url":"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png","type":"","width":"","height":""}],"author":"VeronicaGomez01","twitter_card":"summary_large_image","twitter_misc":{"Written by":"VeronicaGomez01","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mundanopedia.com\/economics\/national-income\/","url":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/","name":"National Income: Definition, Theories, Formula & Distribution","isPartOf":{"@id":"https:\/\/mundanopedia.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage"},"image":{"@id":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage"},"thumbnailUrl":"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution-768x768.png","datePublished":"2022-08-10T23:00:43+00:00","dateModified":"2023-08-30T21:05:48+00:00","author":{"@id":"https:\/\/mundanopedia.com\/#\/schema\/person\/93340b921ebfa1daa4a4888660e2f6c6"},"description":"National income is the monetary value of the sum total of all final goods and services produced by the factors of production of a country during a year.","breadcrumb":{"@id":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#primaryimage","url":"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution.png","contentUrl":"https:\/\/mundanopedia.com\/wp-content\/uploads\/2022\/08\/National-Income-Definition-Theories-Formula-and-Distribution.png","width":800,"height":800,"caption":"National Income Definition, Theories, Formula and Distribution"},{"@type":"BreadcrumbList","@id":"https:\/\/mundanopedia.com\/economics\/macroeconomics\/national-income\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mundanopedia.com\/"},{"@type":"ListItem","position":2,"name":"National Income: Definition, Theories, Formula & Distribution"}]},{"@type":"WebSite","@id":"https:\/\/mundanopedia.com\/#website","url":"https:\/\/mundanopedia.com\/","name":"Mundanopedia","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mundanopedia.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/mundanopedia.com\/#\/schema\/person\/93340b921ebfa1daa4a4888660e2f6c6","name":"VeronicaGomez01","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mundanopedia.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d594803925bda9bc86867b2397166e54?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d594803925bda9bc86867b2397166e54?s=96&d=mm&r=g","caption":"VeronicaGomez01"}}]}},"_links":{"self":[{"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/posts\/4146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/comments?post=4146"}],"version-history":[{"count":5,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/posts\/4146\/revisions"}],"predecessor-version":[{"id":6297,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/posts\/4146\/revisions\/6297"}],"wp:attachment":[{"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/media?parent=4146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/categories?post=4146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mundanopedia.com\/wp-json\/wp\/v2\/tags?post=4146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}