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 idea of a classless society is ... a disastrous mirage which cannot be maintained without tyranny of the few over the many. It is even more pernicious culturally than politically, not because the monolithic state forces the party line upon its intellectuals and artists, but because it has no social patterns to reflect.”
—Agnes E. Meyer (1887–1970)
“This book was written in good faith, reader. It warns you from the outset that in it I have set myself no goal but a domestic and private one.... I am myself the matter of my book.”
—Michel de Montaigne (1533–1592)
“In fast-moving, progress-conscious America, the consumer expects to be dizzied by progress. If he could completely understand advertising jargon he would be badly disappointed. The half-intelligibility which we expect, or even hope, to find in the latest product language personally reassures each of us that progress is being made: that the pace exceeds our ability to follow.”
—Daniel J. Boorstin (b. 1914)