national in come

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:
1875–80

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
national income
 
n
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 10th Edition
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