Q.Write a short note on: SGDP

SGDP (State Gross Domestic Product / GSDP) is the total money value of all final goods and services produced within a state in a year. It is the state-level version of GDP, used to measure the size and growth of a state's economy.

This is a 2-mark short note in AP Intermediate 2nd year Economics, part of the national-income theme, treated in line with the NCERT/CBSE curriculum.

Meaning. SGDP stands for State Gross Domestic Product, also commonly written as GSDP (Gross State Domestic Product). Just as Gross Domestic Product (GDP) measures the total value of all final goods and services produced within a country in a year, SGDP measures the total money value of all final goods and services produced within the boundaries of a particular state during a given period, usually a financial year. It is calculated by adding the contributions (value added) of the primary, secondary and tertiary sectors of that state. SGDP is an important indicator of the size, structure and growth rate of a state's ec …