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:
“Wherever the State touches the personal life of the infant, the child, the youth, or the aged, helpless, defective in mind, body or moral nature, there the State enters “woman’s peculiar sphere,” her sphere of motherly succor and training, her sphere of sympathetic and self-sacrificing ministration to individual lives.”
—Anna Garlin Spencer (1851–1931)
“Electronic aids, particularly domestic computers, will help the inner migration, the opting out of reality. Reality is no longer going to be the stuff out there, but the stuff inside your head. It’s going to be commercial and nasty at the same time.”
—J.G. (James Graham)
“For man is not the creature and product of Mechanism; but, in a far truer sense, its creator and producer.”
—Thomas Carlyle (1795–1881)