GDP, Income Distribution, and Welfare

But how did GDP per head gains affect economic well-being? Within the existing national accounts framework, Sitglitz et al. ( 2009 : 23–25) recommend to look at net rather than gross measures, in order to take into account the depreciation of capital goods. Net National Disposable Income (NNDI) measures income accruing to Spanish nationals, rather than production in Spain, and also accounts for capital consumption. NNDI provides, therefore, a more accurate measure of the impact of economic growth on average incomes than GDP. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.