Story: National income and GDP

Old office furniture

Old office furniture

This assortment of office furniture is very much past its use-by date. It has become trashed through long use. Gross domestic product (GDP) does not take into account the depreciating value of such assets. If such costs are taken into account the resulting figure would be net domestic product (NDP).

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Te Ara - The Encyclopedia of New Zealand
Photograph by Marguerite Hill

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How to cite this page:

Jeff Cope, 'National income and GDP - Gross domestic product', Te Ara - the Encyclopedia of New Zealand, (accessed 29 January 2022)

Story by Jeff Cope, published 11 Mar 2010