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 and/or california:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The Indian remarked as before, “Must have hard wood to cook moose-meat,” as if that were a maxim, and proceeded to get it. My companion cooked some in California fashion, winding a long string of the meat round a stick and slowly turning it in his hand before the fire. It was very good. But the Indian, not approving of the mode, or because he was not allowed to cook it his own way, would not taste it.”
—Henry David Thoreau (1817–1862)