AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
It all adds up.
From the engines manufactured at the General Motors Tonawanda Plant to the meal you bought from an area restaurant, each contributes to billions of dollars in goods and services produced in the state.
In 1994, those goods and services were valued at $544.75 billion and accounted for 8.36 percent of the national total, according to a research report by Business First.
The report is based on gross state product data for 1994 released by the U.S. Bureau of Economic Analysis. All dollar amounts in the report are converted to their 1992 value to eliminate inflation as a factor.
The GSP is the total value of goods and services produced in a given state. If it sounds familiar, that's because it is the state-level version of gross domestic product.
The report ranked each state and the District of Columbia according to its share of the total U.S. gross domestic product. Each was also ranked according to how much of its share came from the manufacturing and service sectors, and how much its goods and services rose since 1989.
California's GSP was 12.79 percent …