1398:
204:
336:
71:
469:
437:
404:
375:
1357:
558:
267:
604:
63:
assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence.
949:
726:
481:
39:. Net national income encompasses the income of households, businesses, and the government. Net national income is defined as
1090:
934:
511:"Net National Income - What is Net National Income ? Net National Income meaning, Net National Income definition"
1025:
1420:
344:
such as minerals. NNI* does not take critical natural capital into account. Examples are air, water, land, etc.
1337:
1142:
939:
1075:
1063:
597:
961:
790:
716:
644:
566:
1085:
1068:
944:
510:
966:
199:{\displaystyle \mathrm {NNI} =\mathrm {C} +\mathrm {I} +\mathrm {G} +\mathrm {NX} +\left-\left-\left}
1168:
1130:
956:
1401:
1135:
1051:
1046:
1014:
590:
213:
1384:
1118:
924:
919:
904:
871:
731:
491:
40:
1212:
1187:
1080:
1009:
736:
699:
677:
672:
486:
444:
1125:
929:
773:
415:
382:
353:
32:
8:
1352:
1217:
1041:
999:
704:
534:
229:
1177:
1292:
1004:
971:
909:
255:
1379:
1367:
1312:
1152:
1147:
861:
785:
1227:
1302:
1287:
797:
768:
756:
746:
684:
664:
634:
629:
1307:
1267:
1247:
1108:
899:
894:
889:
856:
827:
689:
341:
52:
20:
1374:
1277:
1272:
914:
763:
721:
639:
613:
1197:
1414:
1297:
1282:
1257:
1242:
1237:
1232:
1207:
1202:
851:
812:
711:
407:
60:
1317:
1262:
1222:
994:
866:
832:
822:
780:
659:
654:
56:
36:
1322:
817:
802:
251:
This formula uses the expenditure method of national income accounting.
1252:
1182:
1113:
1058:
221:
1362:
1192:
807:
694:
649:
582:
241:
237:
48:
976:
751:
347:
For reference, capital (K) is divided into four categories:
44:
377: : manufactured capital (machines, factories, etc.)
331:{\displaystyle \mathrm {NNI} ^{*}=\mathrm {NNI} -\left}
559:"What is net national income? definition and meaning"
447:
418:
385:
356:
270:
74:
535:"National income - Net national income - OECD Data"
463:
431:
398:
369:
330:
198:
254:When net national income is adjusted for natural
1412:
439: : non-critical natural capital (minerals)
598:
471: : critical natural capital (air, water)
605:
591:
1413:
727:Measures of national income and output
586:
340:Natural resources are non-critical
13:
612:
311:
299:
296:
293:
279:
276:
273:
179:
154:
129:
117:
114:
106:
98:
90:
82:
79:
76:
14:
1432:
1397:
1396:
1358:Publications in macroeconomics
551:
527:
503:
1:
1338:Critique of political economy
497:
260:Adjusted Net National Income
16:Measure of economic activity
7:
475:
10:
1437:
1086:New neoclassical synthesis
1069:Real business-cycle theory
482:National Income Accounting
1394:
1344:
1332:
1166:
1100:
1033:
1024:
986:
881:
843:
620:
1091:Saltwater and freshwater
236:represents net exports (
1015:International economics
940:Overlapping generations
66:It can be expressed as
55:from abroad, minus the
1421:Gross domestic product
1385:Mathematical economics
1119:Modern monetary theory
872:Universal basic income
563:BusinessDictionary.com
492:Gross domestic product
465:
464:{\displaystyle K_{h}*}
433:
400:
371:
332:
200:
41:gross domestic product
1213:Wesley Clair Mitchell
1188:Thomas Robert Malthus
1010:Development economics
487:Gross domestic income
466:
434:
432:{\displaystyle K_{n}}
401:
399:{\displaystyle K_{h}}
372:
370:{\displaystyle K_{m}}
333:
201:
43:plus net receipts of
935:Ramsey–Cass–Koopmans
774:Liquidity preference
445:
416:
383:
354:
268:
182:Manufactured Capital
72:
33:net national product
1353:Macroeconomic model
1218:John Maynard Keynes
1000:Economic statistics
945:General equilibrium
230:government spending
25:net national income
1293:Edward C. Prescott
1005:Monetary economics
515:The Economic Times
461:
429:
396:
367:
328:
256:resource depletion
196:
1408:
1407:
1380:Political economy
1323:N. Gregory Mankiw
1313:Thomas J. Sargent
1162:
1161:
1153:Market monetarism
957:Endogenous growth
786:National accounts
410:(workers' skills)
322:
320:
315:
190:
188:
183:
165:
163:
158:
140:
138:
133:
1428:
1400:
1399:
1303:William Nordhaus
1288:Robert Lucas Jr.
1178:François Quesnay
1031:
1030:
798:Nominal rigidity
769:Demand for money
747:Microfoundations
685:Financial crisis
665:Effective demand
635:Aggregate supply
630:Aggregate demand
607:
600:
593:
584:
583:
578:
577:
575:
574:
565:. Archived from
555:
549:
548:
546:
545:
531:
525:
524:
522:
521:
507:
470:
468:
467:
462:
457:
456:
438:
436:
435:
430:
428:
427:
405:
403:
402:
397:
395:
394:
376:
374:
373:
368:
366:
365:
337:
335:
334:
329:
327:
323:
321:
318:
316:
314:Natural Resource
313:
302:
288:
287:
282:
247:
235:
227:
219:
211:
205:
203:
202:
197:
195:
191:
189:
186:
184:
181:
170:
166:
164:
161:
159:
156:
145:
141:
139:
136:
134:
131:
120:
109:
101:
93:
85:
1436:
1435:
1431:
1430:
1429:
1427:
1426:
1425:
1411:
1410:
1409:
1404:
1390:
1389:
1388:
1340:
1328:
1327:
1326:
1308:Joseph Stiglitz
1268:Milton Friedman
1248:Friedrich Hayek
1169:macroeconomists
1158:
1157:
1156:
1096:
1095:
1094:
1020:
1019:
1018:
982:
981:
980:
967:Mundell–Fleming
962:Matching theory
900:Keynesian cross
877:
876:
875:
839:
838:
837:
616:
611:
581:
572:
570:
557:
556:
552:
543:
541:
533:
532:
528:
519:
517:
509:
508:
504:
500:
478:
452:
448:
446:
443:
442:
423:
419:
417:
414:
413:
390:
386:
384:
381:
380:
361:
357:
355:
352:
351:
342:natural capital
317:
312:
310:
306:
292:
283:
272:
271:
269:
266:
265:
262:, expressed as
258:, it is called
245:
233:
225:
217:
209:
185:
180:
178:
174:
160:
155:
153:
149:
135:
130:
128:
124:
113:
105:
97:
89:
75:
73:
70:
69:
53:property income
21:national income
17:
12:
11:
5:
1434:
1424:
1423:
1406:
1405:
1395:
1392:
1391:
1387:
1382:
1377:
1375:Microeconomics
1372:
1371:
1370:
1360:
1355:
1350:
1349:
1348:
1346:
1342:
1341:
1336:
1334:
1330:
1329:
1325:
1320:
1315:
1310:
1305:
1300:
1295:
1290:
1285:
1280:
1278:Lawrence Klein
1275:
1273:Paul Samuelson
1270:
1265:
1260:
1255:
1250:
1245:
1240:
1235:
1230:
1228:Michał Kalecki
1225:
1220:
1215:
1210:
1205:
1200:
1195:
1190:
1185:
1180:
1175:
1174:
1173:
1171:
1164:
1163:
1160:
1159:
1155:
1150:
1145:
1143:Disequilibrium
1140:
1139:
1138:
1131:Post-Keynesian
1128:
1123:
1122:
1121:
1111:
1106:
1105:
1104:
1102:
1098:
1097:
1093:
1088:
1083:
1078:
1073:
1072:
1071:
1061:
1056:
1055:
1054:
1049:
1039:
1038:
1037:
1035:
1028:
1022:
1021:
1017:
1012:
1007:
1002:
997:
992:
991:
990:
988:
987:Related fields
984:
983:
979:
974:
969:
964:
959:
954:
953:
952:
942:
937:
932:
927:
922:
917:
915:Phillips curve
912:
907:
902:
897:
892:
887:
886:
885:
883:
879:
878:
874:
869:
864:
859:
854:
849:
848:
847:
845:
841:
840:
836:
835:
830:
825:
820:
815:
810:
805:
800:
795:
794:
793:
783:
778:
777:
776:
766:
764:Money creation
761:
760:
759:
749:
744:
743:
742:
739:
734:
724:
722:Liquidity trap
719:
714:
709:
708:
707:
702:
692:
687:
682:
681:
680:
675:
667:
662:
657:
652:
647:
642:
640:Business cycle
637:
632:
626:
625:
624:
622:
621:Basic concepts
618:
617:
614:Macroeconomics
610:
609:
602:
595:
587:
580:
579:
550:
526:
501:
499:
496:
495:
494:
489:
484:
477:
474:
473:
472:
460:
455:
451:
440:
426:
422:
411:
393:
389:
378:
364:
360:
326:
309:
305:
301:
298:
295:
291:
286:
281:
278:
275:
194:
177:
173:
169:
152:
148:
144:
127:
123:
119:
116:
112:
108:
104:
100:
96:
92:
88:
84:
81:
78:
37:indirect taxes
15:
9:
6:
4:
3:
2:
1433:
1422:
1419:
1418:
1416:
1403:
1393:
1386:
1383:
1381:
1378:
1376:
1373:
1369:
1366:
1365:
1364:
1361:
1359:
1356:
1354:
1351:
1347:
1343:
1339:
1335:
1331:
1324:
1321:
1319:
1316:
1314:
1311:
1309:
1306:
1304:
1301:
1299:
1298:Peter Diamond
1296:
1294:
1291:
1289:
1286:
1284:
1283:Edmund Phelps
1281:
1279:
1276:
1274:
1271:
1269:
1266:
1264:
1261:
1259:
1258:Richard Stone
1256:
1254:
1251:
1249:
1246:
1244:
1243:Joan Robinson
1241:
1239:
1238:Simon Kuznets
1236:
1234:
1233:Gunnar Myrdal
1231:
1229:
1226:
1224:
1221:
1219:
1216:
1214:
1211:
1209:
1208:Irving Fisher
1206:
1204:
1203:Knut Wicksell
1201:
1199:
1196:
1194:
1191:
1189:
1186:
1184:
1181:
1179:
1176:
1172:
1170:
1165:
1154:
1151:
1149:
1146:
1144:
1141:
1137:
1134:
1133:
1132:
1129:
1127:
1124:
1120:
1117:
1116:
1115:
1112:
1110:
1107:
1103:
1099:
1092:
1089:
1087:
1084:
1082:
1079:
1077:
1074:
1070:
1067:
1066:
1065:
1064:New classical
1062:
1060:
1057:
1053:
1050:
1048:
1045:
1044:
1043:
1040:
1036:
1032:
1029:
1027:
1023:
1016:
1013:
1011:
1008:
1006:
1003:
1001:
998:
996:
993:
989:
985:
978:
975:
973:
970:
968:
965:
963:
960:
958:
955:
951:
948:
947:
946:
943:
941:
938:
936:
933:
931:
928:
926:
923:
921:
918:
916:
913:
911:
908:
906:
903:
901:
898:
896:
893:
891:
888:
884:
880:
873:
870:
868:
865:
863:
860:
858:
855:
853:
850:
846:
842:
834:
831:
829:
826:
824:
821:
819:
816:
814:
813:Shrinkflation
811:
809:
806:
804:
801:
799:
796:
792:
789:
788:
787:
784:
782:
779:
775:
772:
771:
770:
767:
765:
762:
758:
755:
754:
753:
750:
748:
745:
740:
738:
735:
733:
730:
729:
728:
725:
723:
720:
718:
715:
713:
712:Interest rate
710:
706:
703:
701:
698:
697:
696:
693:
691:
688:
686:
683:
679:
676:
674:
671:
670:
669:Expectations
668:
666:
663:
661:
658:
656:
653:
651:
648:
646:
643:
641:
638:
636:
633:
631:
628:
627:
623:
619:
615:
608:
603:
601:
596:
594:
589:
588:
585:
569:on 2019-09-09
568:
564:
560:
554:
540:
536:
530:
516:
512:
506:
502:
493:
490:
488:
485:
483:
480:
479:
458:
453:
449:
441:
424:
420:
412:
409:
408:human capital
391:
387:
379:
362:
358:
350:
349:
348:
345:
343:
338:
324:
307:
303:
289:
284:
263:
261:
257:
252:
249:
243:
239:
231:
223:
215:
206:
192:
175:
171:
167:
150:
146:
142:
137:Factor Income
125:
121:
110:
102:
94:
86:
67:
64:
62:
61:fixed capital
58:
54:
50:
46:
42:
38:
34:
30:
26:
22:
1318:Paul Krugman
1263:Hyman Minsky
1223:Alvin Hansen
995:Econometrics
972:Overshooting
925:Harrod–Domar
920:Arrow–Debreu
867:Central bank
833:Unemployment
823:Supply shock
781:Money supply
660:Disinflation
655:Demand shock
571:. Retrieved
567:the original
562:
553:
542:. Retrieved
538:
529:
518:. Retrieved
514:
505:
346:
339:
264:
259:
253:
250:
207:
187:Depreciation
68:
65:
57:depreciation
35:(NNP) minus
28:
24:
23:accounting,
18:
1198:LĂ©on Walras
1081:Supply-side
910:Accelerator
818:Stagflation
803:Price level
700:Demand-pull
214:consumption
132:Net Foreign
1253:John Hicks
1183:Adam Smith
1136:Circuitism
1126:Ecological
1114:Chartalism
1059:Monetarism
1034:Mainstream
930:Solow–Swan
905:Multiplier
862:Commercial
757:Endogenous
717:Investment
573:2019-02-23
544:2019-02-23
520:2019-02-23
498:References
222:investment
1363:Economics
1193:Karl Marx
1101:Heterodox
1076:Stockholm
1042:Keynesian
808:Recession
705:Cost-push
695:Inflation
650:Deflation
459:∗
319:Depletion
304:−
285:∗
172:−
147:−
1415:Category
1402:Category
1345:See also
1333:Critique
1167:Notable
1109:Austrian
857:Monetary
844:Policies
678:Rational
673:Adaptive
476:See also
406: :
228:denotes
220:denotes
212:denotes
157:Indirect
49:salaries
1368:Applied
1148:Marxian
1026:Schools
539:theOECD
242:imports
238:exports
882:Models
852:Fiscal
828:Saving
690:Growth
240:minus
232:, and
208:where
977:NAIRU
895:AD–AS
890:IS–LM
752:Money
246:X – M
162:Taxes
45:wages
31:) is
1047:Neo-
950:DSGE
645:CAGR
51:and
1052:New
791:SNA
741:NNI
737:GNI
732:GDP
248:).
59:of
29:NNI
19:In
1417::
561:.
537:.
513:.
244::
234:NX
224:,
216:,
47:,
606:e
599:t
592:v
576:.
547:.
523:.
454:h
450:K
425:n
421:K
392:h
388:K
363:m
359:K
325:]
308:[
300:I
297:N
294:N
290:=
280:I
277:N
274:N
226:G
218:I
210:C
193:]
176:[
168:]
151:[
143:]
126:[
122:+
118:X
115:N
111:+
107:G
103:+
99:I
95:+
91:C
87:=
83:I
80:N
77:N
27:(
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