| 单词 | national income |
| 释义 | national income 1) The total income of residents of a country, measured at factor cost after deducting capital consumption. This equals gross national product at factor cost minus capital consumption. This sense is used in technical discussions of national income accounting concepts. See also: full employment national income 2) Any one of the many possible measures, that is, national product or domestic product, gross or net, and stated in either market prices or factor cost. One or other of these is meant when the term is used in general discussions of economic policy; it is often difficult to check which concept any given author or speaker has in mind, and indeed they are frequently uncertain or inconsistent themselves. |
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