Status Of California in the American Economy

Paper Summary:

Considers whether Californians are better off than the rest of the nation. Discusses several factors to determine answer. Crime in California. Air pollution problem. Marriage and divorce rates. Health outlook including birth rate. Unemployment rate. Creation of new jobs. Poverty rates and high income level. Inflation. Housing costs. 1 Table.

From the Paper:

"The average American is interested in the state of the national economy, crime and pollution in that these are regularly reported in the news and may even provide a barometer for the nation s performance. But the average American is far more interested in local issues since those are the statistics that have a real-world impact on his or her life. This research examines ten such issues and considers whether Californians are better off than the rest of the country as a whole.

The National Economy
One of the most common statistics used to measure the economy is the real gross domestic product (real GDP). The following chart illustrates that the national real GDP has been increasing over the past six quarters, which means that the American economy is producing more goods and services in each ..."

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