real national income
Real national income refers to the total amount of money earned by the residents of a country from all sources, adjusted for inflation. It measures the actual purchasing power of individuals and reflects the economic output of a nation after accounting for changes in prices over time.
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Related Concepts (1)
Similar Concepts
- gross national income
- 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 savings
- national income growth
- national income identity
- national income measures
- national income statistics
- real income
- real interest rates
- real wages