While gross domestic product rose slightly from January through June, net domestic product declined _ by a minuscule $ 600 million in the first quarter and a more significant $ 27 . 1 billion in the second.
12.
These calculations can also be applied to net domestic product ( NDP ), which deducts the depreciation of produced capital from GDP . In each case, it is necessary to convert the resource activity into a monetary value, since it is in this manner that indicators are generally expressed in national accounts.
13.
"The decline in net domestic product is saying in essence that incomes are declining, that people have less goods and services available for consumption than were available in the previous quarter, " said Brent Moulton, chief of the division at the Bureau of Economic Analysis that calculates domestic product, gross and net.
14.
When the consumption of fixed capital is deducted from the figures the resulting " ratio of net fixed capital formation to net domestic product " is around 8 % for the average of the EU-27; again substantially higher ratios of more than 15 % can be observed for some of the new EU member states such as Spain.
