NOUN
- the total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr)
How To Use national income In A Sentence
- The wages share of national income down (and the profits took up most of the slack).
- The US's balance of payments deficit rose to 4.5 percent of national income.
- This increase would lead to overall Government borrowing this year reaching 4.4 per cent of national income this year. Times, Sunday Times
- Furthermore, national income has been inadequate to repay the country's burdensome debts.
- In the meantime, the change of foreign income will also affect this countrys national income and balance of trade through the effect of foreign trade multiplier.
- But agriculture and industry together account for two-thirds of national income and four-fifths of national employment opportunities.
- He has been widely pilloried for his observation that health spending will rise as a proportion of national income. Times, Sunday Times
- But as health expenses start taking up a third of national income, healthcare socialism starts becoming just plain Marxism: to each according to his needs. Ken Rogoff and a Health Care Fallacy, Arnold Kling | EconLog | Library of Economics and Liberty
- These economies have doubled their ratio of trade to national income.
- The chapter uses a national income accounting framework to estimate the economic importance of sport in the United Kingdom.
