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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use national income in a sentence
The policies it pursued, the World Inequality Lab wrote, caused “unprecedented rises in national income” but also “significant changes to the country’s distribution of income.”Both Asia and the West Need Stakeholder Capitalism | Klaus Schwab | August 11, 2021 | Time
With the costs of the Civil War looming, Congress imposed a national income tax in 1861.The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax | by Jesse Eisinger, Jeff Ernsthausen and Paul Kiel | June 8, 2021 | ProPublica
Skill-biased technological change has been a factor behind widening income inequality and the falling share of labor income in total national income.
Since the economy will just regain lost grounds, profits can only beat the 2019 all-time record by taking a much bigger share of national income.Is gridlock really ‘nirvana’ for stocks? Investors should be wary of these four potential perils | Shawn Tully | November 5, 2020 | Fortune
We’ll assume that profits regain their 2019 level along with national income.Despite Warren Buffett’s selloff, bank stocks look like great buys in this market | Shawn Tully | August 18, 2020 | Fortune
“No nation in history has ever survived a tax burden that reached a third of its national income,” he warned.
Labor share of national income is at a post-World War II low.
One way or another, we were never going to spend 100% of national income on health care.
So what if we end up spending 25% or 50% of national income on health care?
Tanner is right that free trade, including outsourcing, raises national income in the aggregate.
That would alone add more than twelve million dollars annually to the national income.
Imagine that the national income in this instance is 3600 million pounds.Essays in Liberalism | Various
They cost one-fourth more of the national income than do the armies and navies of France and Germany.Races and Immigrants in America | John R. Commons
Twice we have passed a national income tax, and each time the supreme court smashed it as unconstitutional.The Iron Heel | Jack London
Do you know that to maintain our so-called prestige we spend seventy per cent of our national income?Prize Orations of the Intercollegiate Peace Association | Intercollegiate Peace Association
British Dictionary definitions for national income
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 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012