The Shifting Economics of California

<p>This is California, the Golden State and one of the largest economies in the world in its own right.&nbsp;</p> <p>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.&nbsp;</p> <p>In this episode of Economics Explained, we'll explore the following questions:</p> <ul> <li>What made the state so prosperous before the 2020 downturn?</li> <li>What were the underlying issues impacting the economy?</li> <li>How will these issues be impacted by this decline?</li> </ul>