It takes no account of the depreciation of capital goods.

这种做法丝毫没有考虑资本货物的贬值。

youdao

A good rate of inflation in Egypt is considered to be 10 percent, and currency depreciation works as a massive punishment against savings and capital accumulation.

百分之十的通货膨胀率在埃及被认为是良好的，货币贬值被用来大规模的惩罚储蓄与资本积累。

youdao

Debt is subtracted from saving, as is depreciation — the wearing out of capital equipment that must be replaced out of saving.

负债是储蓄的减项，即贬值——资产设备的淘汰就需要通过储蓄进行更新。

youdao

GDP, he argued, does not allow for the depreciation of capital goods so it exaggerates productivity gains.

ECONOMIST: Economics focus

Further, the depreciation of capital is more lucrative the higher the nominal rate.

FORBES: Connect

That is because the average rate of depreciation of the capital stock has risen as investment has shifted from traditional machinery to shorter-lived assets such as computers and software.

ECONOMIST: Productivity in Europe and America