total amount of income earned by the residents of a country in a specified amount of time
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National income Definition from Business & Finance Dictionaries & Glossaries
The aggregate earnings of labor and property which arise in the current production of goods and services by the nation's economy. (DOE6)
By the Bureau of Transportation Statistics.
the income earned by a country's people, including labour and capital investment.
Copyright © 2001, Ray WrightNational income Definition from Social Science Dictionaries & Glossaries
The sum of all
incomes, net of consumption
of fixed capital (CFC), earned in production. Includes both factor
incomes and nonfactor
charges. It formerly excluded nonfactor charges.
Source: U.S. Bureau of Economic Analysis National income Definition from Encyclopedia Dictionaries & Glossaries
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), and net national income (NNI). All are specially concerned with counting the total amount of goods and services produced within some "boundary". The boundary is usually defined by geography or citizenship, and may also restrict the goods and services that are counted. For instance, some measures count only goods and services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them.
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National income Definition from Language, Idioms & Slang Dictionaries & Glossaries
Noun
1. the total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr)
(hypernym) value
