A current account deficit could caused by factors such as.
The rate of consumer spending on imports. For example, during an economic boom, there will be increased spending and this will cause a deficit on the current account.
International competitiveness. If a country experiences higher inflation than its competitors, exports will be less competitive leading to lower demand.
Exchange rate. If the exchange rate is overvalued, it makes exports relatively more expensive leading to a deterioration in the current account.
Structure of economy – deindustrialization can harm the export sector.
VIII Living standarts California ranked 18th most liveable and third most expensive state in the United States. Below is the list of 319 best cities to live and work for singles and families.
T hree best cities to live in California are San Francisco, San Jose, and Los Angeles. More than 30% population of California live in cities with quality of life more than 73/100.
T he cost of living in California is $2290, which is 1.29 times more expensive than the average in the United States. California ranked third most expensive and 18th best state to live in the United States. The average salary after taxes in California is $4287, which is enough to cover living expenses for 1.9 months.
C alifornians' evaluations of their standard of living declined during the financial crisis in 2008 to a low of 14 in October and November of that year. Standard of living perceptions improved throughout 2009 and 2010, but slipped in the summer of 2011 after the stock market reacted negatively to the debt ceiling deal and downgrading of the credit rating. Californians' standard of living assessments rebounded and generally continued to improve in late 2011 and the first half of 2012. They dipped in the summer of 2012, but generally have improved since.
These results conducted by landline and cellphone, with more than 15,241 Californians from April 1-30, 2013. Gallup's Standard of Living Index is based on Californians' ratings of their satisfaction with their current standard of living and their assessments of whether it is getting better or getting worse.
Both components of the index improved this year. The net current satisfaction score for April is 54 -- based on 77% of Californians saying they are satisfied with their standard of living and 23% saying they are dissatisfied. That net score of 54 matches the highest monthly average on record from February 2008.
Meanwhile, 54% of Californians say their standard of living is getting better and 29% say it is getting worse. That results in a 25 net expectations score, also the best score in Gallup's five-year history on this index.
Californians were more likely to rate their standard of living as getting worse than getting better in all but one month from May 2008 through March 2009, but have since been more likely to say their standard of living is getting better than getting worse.
Upper-Income Californians' Standard of Living Perceptions at Five-Year High
U pper-income Californians' Standard of Living Index score is consistently higher than middle- and lower-income Californians do. But, scores for both income groups are as high now as they have been at any point in the last five years. The Standard of Living Index score for upper-income Californians in April is 62, a five-year monthly high. The index score for middle- and lower-income Californians is 33, tied with March as the best Gallup has on record for this group.
Californians' overall perceptions of their current and future standard of living in April were better than in any month in the past five years, even prior to the financial crisis. This upward trend also mirrors Californians' growing economic confidence, which in April rose to tie the five-year monthly high. Similarly, Californians' financial worry has dipped to the lowest level since before the recession. These improvements in Californians' assessments of their standard of living and their personal finances in 2013 are likely due higher stock prices, elevated housing prices, and lower gas prices.
Additionally, Californians across all income levels are as positive about their standard of living now as they have been at any point in the past five years. If this continues, it could translate into increased consumer spending beyond the increases Gallup has already seen since late in 2012 year and economic growth in the months ahead.
