national income

American  

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.

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national income British  

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

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Etymology

Origin of national income

First recorded in 1875–80

Example Sentences

She told MPs debt would continue to fall as a share of national income and the amount of headroom will double to £21.7bn.

From BBC

These rules mean her plans must be projected to get government debt falling as a share of national income by 2029-30, and day-to-day government costs must be paid for by tax income rather than borrowing.

From BBC

The 16th Amendment simultaneously allowed national income tax.

From The Wall Street Journal

Calculated by spending per head of the population, Denmark is ahead; but as a share of national income, its health spending is similar to, and in fact slightly below that of the UK's.

From BBC

The second rule was that debt must be falling as a share of national income by the end of a five-year period.

From BBC