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Aggregate income is the combined income earned by an entire group of persons. 'Aggregate income' in economics is a broad conceptual term. It may express the proceeds from total output in the economy for producers of that output. One such measure of it is National Income in the National Income and Product Accounts. It is the sum of employees, proprietors, rental, corporate, interest, and government income less the subsidies government pays to any of those groups.
Aggregate income describes the total income in an economy without regard to taxes, revenue, credits and debits. Aggregate income is a form of GDP that is equal to Consumption expenditure plus net profits.
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