net domestic product

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Net Domestic Product

A country or other geographical unit's gross domestic product less the collective depreciation on its capital assets. For example, the net domestic product may calculate the depreciation on all the factories in a country. In order for an economy to grow, the gross domestic product must exceed the net domestic product; otherwise, this indicates that depreciation on capital assets is outpacing other economic growth.

net domestic product

the money value of a nation's annual output of goods and services less CAPITAL CONSUMPTION experienced in producing that output. See NATIONAL INCOME ACCOUNTS.
References in periodicals archive ?
A former Ontario NDP president, vice president and federal council member, Solberg pushed to suppress debate on the "Palestine Resolution: renewing the NDP's commitment to peace and justice", which was endorsed by more than two dozen riding associations before the federal convention.
But mandated increases under the SSL have raised the pay rate yearly under the NDP, with nurses enjoying a total take-home pay of up to P45,000, which covers the basic Salary Grade 15 level of P30,531 plus benefits such as Personal Equity Retirement Account along with subsistence, laundry and hazard pay.
As Aivalis himself points out, both Ed Schreyer and Allan Blakeney supported Trudeau's wage and price control legislation over massive opposition from both organized labour and the federal NDP. The latter considered governments' attempts to control inflation and unemployment by legislating wage controls as a direct attack on workers' rights.
Featuring participants from different walks of life, NDP will also see the largest military tattoo display at The Float, as well as the return of the Combined Schools Choir after a five-year hiatus.
Deerness Gymnastics Academy's young acrobats who won medals at the Regional NDP Championships
The NDP Task Force was founded in 1979 by Vonette Bright, co-founder of the evangelical Christian organization Campus Crusade for Christ International.
Lepine also believes that NDP leader Thomas Mulcair captured support by participating in the Assembly of First Nations' leadership debate, held on Enoch Cree Nation.
Sanders understands, more than any NDP strategist is willing to admit, that a Left victory doesn't require the consent and contentment of the economic elite.
This is ironic, since in areas where it could have faltered--organizing, fundraising and databases--the NDP, traditionally the third party, didn't.
There are a number of key issues to be discussed revolving around the infrastructure of the NDP, such as changes in the financial services industry in Africa and South Africa, drivers of these changes and changing consumer behavior.
According to the Secretariat for NDP, the mission is to change the world and show the path that leads to happiness.
The purpose of the NDP is to facilitate and support integration of UAE nationals into the private sector.