national income

American

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.

national income British

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 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of national income

First recorded in 1875–80

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

On defence spending, Sir Tony called on the government to "resolve" its promise to spend 3.5% of national income on defence by 2035, a promise made at the Nato summit last year.

From BBC

In the event, none reached the 0.1% of national income threshold.

From BBC

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023