Domestic product
Encyclopedia
Domestic product may refer to:
- Gross domestic productGross domestic productGross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
, the total value of all the goods and services produced inside a nation over a certain period. - Net domestic productNet domestic productThe net domestic product equals the gross domestic product minus depreciation on a country's capital goods.Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration...
, the gross domestic product minus depreciation on a country's capital goods.