national income

noun

the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.

national income

noun

economics the total of all incomes accruing over a specified period to residents of a country and consisting of wages, salaries, profits, rent, and interest

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Word History and Origins

Origin of national income¹

First recorded in 1875–80

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Example Sentences

Examples have not been reviewed.

This trade accounts for more than 10% of Lesotho's national income.

From

This is to be funded by reducing overseas aid spending to 0.3% of gross national income.

From

The government announced earlier this month that it would cut the foreign aid budget to increase military spending to 2.5% of national income by 2027.

From

It is also pointed out that Germany's national debt is vastly smaller than the UK's as a share of national income.

From

In its election manifesto, Labour pledged to restore development spending to 0.7% of gross national income "as soon as fiscal circumstances allow" - a goal the government says it is still committed to.

From

national hunt National Industrial Recovery Act

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