Nominal national income

Nominal national income,

Definition of Nominal national income:

  1. The aggregate income within a country, expressed in currency terms, that does not account for diminished purchasing power because of inflation or outstanding debt.

  2. The total amount of money earned within a country.

How to use Nominal national income in a sentence?

  1. Since the early 1990s, economic researchers have compared national incomes with indicators of environmental quality such as levels of sulfur dioxide or smoke in the air.

Meaning of Nominal national income & Nominal national income Definition