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Value of wood and non-wood products as a percentage of GSP.
Gross State Product (GSP) is a measure of total economic output. GSP is the dollar value of all the finished goods and services produced in the state. It is used as a measure of total economic activity. Higher growth rates tend to indicate a strong economy. The calculation of the value of wood and non-wood products as a percent of GSP indicates the relative importance of these sectors to the state’s overall economy.
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