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California, the most populous state in
the U.S., is smaller than only Texas and Alaska is total land size. It is
responsible for 13% of America's gross domestic product, with the economy based
in finance and tourism. Other major industries in the state include trade and
manufacturing, healthcare, and agriculture, due in large part to areas such as
the San Joaquin Valley and Silicon Valley. Workers looking to find jobs in
research have several large institutions to choose from, particularly the
University of California system.
In 2010, there were well over 600,000 documented millionaires in California, the
highest in the nation. There are, however, large variations in average annual
income, dependent on the region and profession. Workers with advanced degrees have
remained in the state despite a falling national economy, promising good growth in
the near future for the banking, medical, and technology sectors.
California's economy ranks the eighth largest in the world and is a global leader
in international banking and finance. Recent economic woes have made home prices
plummet, good news for prospective buyers, who will also enjoy a 2% cap on annual
property tax increases.
Additional information can be found
regarding California's economy and key employers by visiting Wikipedia: California Economy.
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