Look up NDP, Net Domestic Product in Wikipedia. But the Depreciation is only for Capital Goods. I tried pointing out that the depreciation of durable consumer goods is ignored. NDP = GDP - Dcap NDP = GDP - (Dcap + Dcon): corresponds to reality Dcap is Depreciation of Capital Dcon is Depreciation of Durable Consumer Goods like cars and refrigerators and microwave ovens. How many automobiles have Americans trashed since WWII? The concept of NDP/GDP developed during the Depression and WWII. Television advertising did not exist before WWII. Consumerism with planned obsolescence exploded in the US after WWII and 90% of American homes had televisions by 1960. But economists say nothing about the depreciation of durable consumer goods. Every time I added this to Wikipedia it was deleted.
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Look up NDP, Net Domestic Product in Wikipedia. But the Depreciation is only for Capital Goods.
I tried pointing out that the depreciation of durable consumer goods is ignored.
NDP = GDP - Dcap
NDP = GDP - (Dcap + Dcon): corresponds to reality
Dcap is Depreciation of Capital
Dcon is Depreciation of Durable Consumer Goods like cars and refrigerators and microwave ovens.
How many automobiles have Americans trashed since WWII?
The concept of NDP/GDP developed during the Depression and WWII. Television advertising did not exist before WWII. Consumerism with planned obsolescence exploded in the US after WWII and 90% of American homes had televisions by 1960.
But economists say nothing about the depreciation of durable consumer goods.
Every time I added this to Wikipedia it was deleted.
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