State Domestic Product, or SDP, is the total value of goods and services produced during any financial year within the geographical boundaries of a state. Also called the state income, SDP is always calculated or estimated in monetary terms, and is instrumental in the evaluation of per capita income. State here refers to a country subdivision, as in the states of the United States and the states of India. While GDP gives a good estimate of the entire nation's output, SDP provides more detailed economic details about subnational territories.
Famous quotes containing the words state, domestic and/or product:
“The State never intentionally confronts a man’s sense, intellectual or moral, but only his body, his senses. It is not armed with superior wit or honesty, but with superior physical strength.”
—Henry David Thoreau (1817–1862)
“What we men share is the experience of having been raised by women in a culture that stopped our fathers from being close enough to teach us how to be men, in a world in which men were discouraged from talking about our masculinity and questioning its roots and its mystique, in a world that glorified masculinity and gave us impossibly unachievable myths of masculine heroics, but no domestic models to teach us how to do it.”
—Frank Pittman (20th century)
“Labor is work that leaves no trace behind it when it is finished, or if it does, as in the case of the tilled field, this product of human activity requires still more labor, incessant, tireless labor, to maintain its identity as a “work” of man.”
—Mary McCarthy (1912–1989)