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.

national income

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

First recorded in 1875–80

“No nation in history has ever survived a tax burden that reached a third of its national income,” he warned.

Labor share of national income is at a post-World War II low.

One way or another, we were never going to spend 100% of national income on health care.

So what if we end up spending 25% or 50% of national income on health care?

Tanner is right that free trade, including outsourcing, raises national income in the aggregate.

That would alone add more than twelve million dollars annually to the national income.

Imagine that the national income in this instance is 3600 million pounds.

They cost one-fourth more of the national income than do the armies and navies of France and Germany.

Twice we have passed a national income tax, and each time the supreme court smashed it as unconstitutional.

Do you know that to maintain our so-called prestige we spend seventy per cent of our national income?

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