Aggregate Income

Aggregate income is the combined income earned by an entire group of persons. 'Aggregate income' in economics is a broad conceptual term. It may express the proceeds from total output in the economy for producers of that output. One such measure of it is National Income in the National Income and Product Accounts. It is the sum of employees, proprietors, rental, corporate, interest, and government income less the subsidies government pays to any of those groups.

Famous quotes containing the words aggregate and/or income:

    The aggregate of all knowledge has not yet become culture in us. Rather it would seem as if, with the progressive scientific penetration and dissection of reality, the foundations of our thinking grow ever more precarious and unstable.
    Johan Huizinga (1872–1945)

    Work though we must, our jobs do not automatically determine our priorities concerning our marriages, our children, our social life, or even our health. It’s still life, constrained as it may be by limited disposable income or leisure time, and we’re still responsible for making it something we enjoy or endure.
    Melinda M. Marshall (20th century)