national income

Noun

Meaning

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)

Source: WordNet

Synonyms

national capital country's revenue country's income income of the country national earnings total value of all income in a country general income gross social product national wealth created internal income public income country's earnings earnings of the country income earned by a country incomes of the country
Show all synonyms

Hypernyms

value

Examples

The welfare of a nation can scarcely be inferred from a measurement of national income. Simon Kuznets

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U. S. is now 45 percent socialist. Milton Friedman

National income is defined as the sum of all income available to the residents of a given country in a given year, regardless of the legal classification of that income. Thomas Piketty

Finally, I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government. And that's close to 40% of our national income. Milton Friedman

One of the most ridiculous defenses of foreign aid is that it is a very small part of our national income. If the average American set fire to a five-dollar bill, it would be an even smaller percentage of his annual income. But everyone would consider him foolish for doing it. Thomas Sowell

The New Deal was going to redistribute the national income according to ideals of social and economic justice. Garet Garrett

Close letter words and terms

national hymn national icon national identity national incomes national independence national information infrastructure