national income identity
National income identity refers to the fundamental macroeconomic principle that states that the total income earned in an economy is equal to the total value of output produced and the total spending by households, businesses, and the government in that economy.
Requires login.
Related Concepts (1)
Similar Concepts
- national identity
- national income accounting
- national income and consumption
- national income and economic development
- national income and employment
- national income and investment
- national income and product accounts
- national income and savings
- national income and taxation
- national income growth
- national income measures
- national income multiplier
- national income per worker
- national income statistics
- real national income