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.