California Has Eighth Largest Economy

California Has Eighth Largest Economy
(Sacramento, CA) -- California is regaining its ranking as the world's eighth largest economy. The state had slipped to number ten, but was number five at one point.
Irena Asmundson with the Department of Finance says spending on "intellectual property" like movies and software is now a part of the rankings, so Hollywood and Silicon Valley are contributing more than ever.
Additional Audio:
Asmundson says the rankings now take additional categories into account. Play Clip