national income

noun

1. 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

noun

1. 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

Word History and Origins

Origin of national income¹

First recorded in 1875–80

Example Sentences

The policies it pursued, the World Inequality Lab wrote, caused “unprecedented rises in national income” but also “significant changes to the country’s distribution of income.”

From Time

With the costs of the Civil War looming, Congress imposed a national income tax in 1861.

From ProPublica

Skill-biased technological change has been a factor behind widening income inequality and the falling share of labor income in total national income.

From MIT Technology Review

Since the economy will just regain lost grounds, profits can only beat the 2019 all-time record by taking a much bigger share of national income.

From Fortune

We’ll assume that profits regain their 2019 level along with national income.

From Fortune

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

From The Daily Beast

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

From The Daily Beast

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

From The Daily Beast

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

From The Daily Beast

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

From The Daily Beast

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg