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

Example Sentences

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.

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The 16th Amendment simultaneously allowed national income tax.

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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.

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

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The Labour governments under Sir Tony Blair and Gordon Brown committed to increasing the overseas aid budget to 0.7% of national income.

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