Economy Of California
California's economy is the eighth largest economy in the world (2011), if the states of the U.S. were compared with other countries. As of 2010, the gross state product (GSP) is about $1.9 trillion, which is 13.06% of the United States gross domestic product (GDP). The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007.
Read more about Economy Of California: History, Sectors, Personal Income, Housing
Famous quotes containing the words economy of, economy and/or california:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“We have advanced by leaps to the Pacific, and left many a lesser Oregon and California unexplored behind us.”
—Henry David Thoreau (1817–1862)