national income
National income refers to the total value of all goods and services produced by a country's residents or within its boundaries within a specific time period, typically one year, taking into account wages, profits, and other forms of earnings.
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Related Concepts (22)
- disposable income
- gross national income
- income inequality
- macroeconomic stability
- multiplier effect
- national income accounting
- national income and consumption
- national income and economic development
- national income and employment
- national income and inflation
- national income and investment
- national income and product accounts
- national income and savings
- national income and taxation
- national income growth
- national income identity
- national income measures
- national income multiplier
- national income per worker
- national income statistics
- per capita income
- real national income