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national income

national income

6 3.6
Total money earned by people and businesses in a country in one year
  • noun
  • /ˈnæʃənl ˈɪnkʌm/
  • Specialized
translation icon : ingreso nacional
  • At the same time, the Soviets were spending over 50% of their national income on their national security programs.
  • national income accounts
  • national income per capita
  • gross national income

The, the national income in Russia fell by half.

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Examples

  • Apparently, aggregate health care spending is highly responsive to changes in national income.

    Academic text (1991)
  • Poland is also below all member states in national income per capita.

    Academic text (1995)
  • The defense industry can be an important source of national income and employment.

    Academic text (1994)
  • By 1963, wage goods contributed approximately 10 percent of the national income.

    Academic text (1995)
  • If we are given a target for the growth of national income, appropriate monetary rules could then be formulated.

    Academic text (1990)
  • Table 2 summarizes some data from the latest national income accounts for Lesotho.

    Academic text (1991)
  • A number of steps are warranted to integrate natural resource consumption into the national income accounts.

    Academic text (1992)
  • Norway and France have established extensive resource-accounting systems to supplement their national income accounts.

    Academic text (1992)
  • The average annual growth rates of GOS and National Income were, respectively, 11.17% and 9.13% from 1980 to 1989.

    Academic text (1993)
  • The defense industry can be an important source of national income and employment.

Surface Forms

Morphology

national + income

The meaning 'the total income of a country' is directly and transparently derived from combining 'national' (relating to the country) with 'income' (funds received). This is a standard noun‑compound pattern found across languages and in basic economic vocabulary, so a B1 learner who knows both constituents will readily infer the MWE meaning.

Etymology

National income is a simple image: imagine a country's 'wallet' where you add up every person's and business's income—wages, profits, rent and pensions—across the whole nation. So national income means the total money earned inside a country in a year.