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:
“Typical of Iowa towns, whether they have 200 or 20,000 inhabitants, is the church supper, often utilized to raise money for paying off church debts. The older and more conservative members argue that the “House of the Lord” should not be made into a restaurant; nevertheless, all members contribute time and effort, and the products of their gardens and larders.”
—For the State of Iowa, U.S. public relief program (1935-1943)
“As our domestic fowls are said to have their original in the wild pheasant of India, so our domestic thoughts have their prototypes in the thoughts of her philosophers.”
—Henry David Thoreau (1817–1862)
“The site of the true bottomless financial pit is the toy store. It’s amazing how much a few pieces of plastic and paper will sell for if the purchasers are parents or grandparent, especially when the manufacturers claim their product improves a child’s intellectual or physical development.”
—Lawrence Kutner (20th century)