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This is California, the Golden State and one of the largest economies in the world in its own right.
If California was counted as a sovereign nation it would be the fifth-largest in the world by GDP, with a 3.2 trillion dollar gross state product putting it just behind Germany and just ahead of India.
In this episode of Economics Explained, we'll explore the following questions:
- What made the state so prosperous before the 2020 downturn?
- What were the underlying issues impacting the economy?
- How will these issues be impacted by this decline?
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