national income and consumption
National income refers to the total amount of money earned by individuals, businesses, and the government within a country's borders over a specific period of time. Consumption, on the other hand, refers to the spending by individuals and households on goods and services during the same period.
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Related Concepts (1)
Similar Concepts
- consumption
- gross national income
- national income accounting
- 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 statistics
- real national income