Net domestic product


 

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Net domestic product

Gross domestic product minus depreciation. This is the most complete measure of productive activity within the borders of a country, though its accuracy suffers from the difficulty of measuring depreciation.



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Qualified Domestic Relations Order (QDRO)

Qualified Domestic Relations Order (QDRO)

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Gross domestic product

Gross domestic product

The total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP.


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The market value of goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas.


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