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:
“Alexander Woollcott broadcasts the story of the wife who returned a dog to the Seeing Eye with this note attached: “I am sending the dog back. My husband used to depend on me. Now he is independent, and I never know where he is.””
—For the State of New Jersey, U.S. public relief program (1935-1943)
“Generally speaking, the political news, whether domestic or foreign, might be written today for the next ten years with sufficient accuracy. Most revolutions in society have not power to interest, still less alarm us; but tell me that our rivers are drying up, or the genus pine dying out in the country, and I might attend.”
—Henry David Thoreau (1817–1862)
“The end product of child raising is not only the child but the parents, who get to go through each stage of human development from the other side, and get to relive the experiences that shaped them, and get to rethink everything their parents taught them. The get, in effect, to reraise themselves and become their own person.”
—Frank Pittman (20th century)