Net domestic product (NDP) is an annual measure of the economic output of a nation that is adjusted to account for depreciation. It is calculated by subtracting depreciation from the gross ...

Gross domestic product is the most popular method to measure national income and economic prosperity, although NNP is prominently used in environmental economics. Formula and Calculation of Net ...

Moreover, “gross” domestic product takes no account of the wear and tear on the machinery, buildings, and so on (the so-called capital stock) that are used in producing the output. If this depletion ...