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.

Origin of national income

First recorded in 1875–80

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