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To: calcowgirl
About the only thing you can determine conclusively (after crunching numbers) is if the relationship is increasing or decreasing over time.

That is exactly what I want. Go look at that thread on the national budget. That is exactly what they did. Even though the raw numbers for the national budget are larger, their percentage of GDP is smaller than in the past.

This is what I want to know about the state budget. What is the states budget in relation to GSP and is that getting bigger or smaller? All we ever hear about are the raw numbers and if I'm reading the national stuff right, that is not neccessarily what is important.

141 posted on 08/03/2004 9:13:43 PM PDT by farmfriend ( In Essentials, Unity...In Non-Essentials, Liberty...In All Things, Charity.)
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To: farmfriend
Well, here are some GSP numbers. Now to find some State numbers and do the math.

Bureau of Economic Analysis

State: California 
Industry: Total Gross State Product 
Gross State Product (millions of current dollars)*


1977     229,468
1978     263,556
1979     295,112
1980     328,188
1981     368,508
1982     393,176
1983     426,033
1984     484,473
1985     529,380
1986     567,411
1987     624,643
1988     685,095
1989     743,472
1990     798,879
1991     814,743
1992     831,576
1993     847,879
1994     879,041
1995     925,931
1996     973,395
1997     1,045,254
1998     1,125,331
1999     1,213,355
2000     1,330,025
2001     1,359,265

Definition: "Current-dollar GSP"
"Gross State Product (GSP) is the market value fo the goods and services produced by the labor and property located in a state. GSP for a state is derived as teh sum of the GSP originating in each industry in the state. Current-dollar GSP is not adjusted for inflation."


142 posted on 08/03/2004 9:41:37 PM PDT by calcowgirl
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