national income

noun

1. 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

1. 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

Word History and Origins

Origin of national income¹

First recorded in 1875–80