Aggregate income is the combined income

Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings...

 earned by an entire group of persons. 'Aggregate income' in economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 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.

See also

• Distribution (economics)
  Distribution (economics)
  Distribution in economics refers to the way total output, income, or wealth is distributed among individuals or among the factors of production .. In general theory and the national income and product accounts, each unit of output corresponds to a unit of income...
  
  
• Household income in the United States
  Household income in the United States
  Household income is a measure commonly used by the United States government and private institutions, that counts the income of all residents over the age of 18 in each household, including not only all wages and salaries, but such items as unemployment insurance, disability payments, child support...
  
  
• Income distribution
  Income distribution
  In economics, income distribution is how a nation’s total economy is distributed amongst its population.Income distribution has always been a central concern of economic theory and economic policy...
  
  
• Aggregate expenditure
  Aggregate expenditure
  In economics, Aggregate Expenditure is a measure of national income. Aggregate Expenditure is defined as the current value of all the finished goods and services in the economy. The aggregate expenditure is thus the sum total of all the expenditures undertaken in the economy by the factors during a...
  
  

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.