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national income

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The total net value of all goods and services produced within a nation over a specified period of time, representing the sum of wages, profits, rents, interest, and pension payments to residents of the nation.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. 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)

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