national income
Aggregate domestic production
National income is the total value of goods and services produced by a country's economy over a specific period, typically a year.
It measures a nation's economic output and can be calculated various ways—by adding up all incomes earned (wages, profits, rents) or all spending on final goods.
Economists use national income figures to track economic health, compare countries, and guide policy: National income grew 3% last quarter.
National output abbreviation
- GNPNational economic output
- statisticsCollected numerical information
- indicatorSign revealing status
- benchmarkStandard for comparison
accounting · calculation · estimation · aggregate · data · analysis · projection · trend
Compulsory government revenue collection
- revenueBusiness income total
- budgetPlan for spending
- deficitAmount still owed
- surplusAmount exceeding requirement
fiscal policy · public sector · government expenditure · direct tax · indirect tax · progressive tax · tax burden · public debt
Using up of resources
- investmentDeploying capital for returns
- government spendingState allocation of funds
- exportsGoods sold abroad
- importsGoods brought in
net exports · expenditure · savings · production · output · value-added · services · industry
Increase in scope
- developmentProgress toward maturity
- prosperityGood fortune, success
- boomLoud deep sound
- increaseGrowth in amount
rise · progress · improvement · stagnation · recession · contraction · economic cycle · productivity
GDP
National output abbreviation
- GNPNational economic output
- statisticsCollected numerical information
- indicatorSign revealing status
benchmark · accounting · calculation · estimation · aggregate · data · analysis · projection · trend · evaluation
taxation
Compulsory government revenue collection
surplus · fiscal policy · public sector · government expenditure · direct tax · indirect tax · progressive tax · tax burden · public debt · stimulus
consumption
Using up of resources
- investmentDeploying capital for returns
- government spendingState allocation of funds
- exportsGoods sold abroad
imports · net exports · expenditure · savings · production · output · value-added · services · industry · agriculture
expansion
Increase in scope
- developmentProgress toward maturity
- prosperityGood fortune, success
- boomLoud deep sound
increase · rise · progress · improvement · stagnation · recession · contraction · economic cycle · productivity · industrialization
wages
Payment for work
- incomesalary, earnings, wages, pay, net earnings
- macroeconomicsGDP, GNP, gross domestic product, inflation rate, money supply
- GDPGDP growth, nominal GDP, real GDP, per capita, economic output
- economic indicatorsGDP, GDP report, GNP, CPI, PPI
national incomepersonal income
One's own revenue
individual income · household income · per capita income · family income · corporate income
national incomenational debt
Government's accumulated borrowing
government expenditure · government spending · public expenditure · public spending · fiscal deficit
national incomenational debt
Government's accumulated borrowing
national wealth · national assets · sovereign debt · public debt
income, nation, national, nationalism, international, incoming, nationwide, nations, incomes