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.
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Question 1 of 7
What does "scattergood" mean?
a person who acts as though he or she knows everything and who dismisses the opinions, comments, or suggestions of others.
a person who spends possessions or money extravagantly or wastefully; spendthrift.
a well-intentioned but naive and often ineffectual social or political reformer.
TAKE THE QUIZ TO FIND OUTCompare gross national product, net national product.
Origin of national income
First recorded in 1875–80
Words nearby national income
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for national income
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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