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national income Definition

national income

noun

the total income earned by a nation's productive factors, including all profits, rents, wages, etc., during a specified period, usually a year; net national product minus indirect business taxes

national income Usage Examples

Adjective modifier

entire: At the moment these statistics appear to show that we devote approximately 5 % of our entire national income to benefits for pensioners.

Preposition: per

capita: For understanding the twin-peaked distribution of national income per capita a synergetic model based on the master equation approach has proved to be useful.

Preposition: in

aid: Meet the agreed target of 0.7 % of national income in overseas aid.