Their recovery might not be so much better than ours, but they did have a much better crisis, with smaller consequences for the long-term level of nationalincome.
However, the tax laws and the recent economic stimulus address household income on a nationallevel and do not take into account the cost of living by state, as far as I know.
At the nationallevel the balance of primary incomes makes gross income, i.e. before deduction of consumption of fixed capital, equal to Gross NationalIncome (GNI).
The National Audit Office (NAO) estimated that the ratio of local government debt to aggregate income was 84 percent, a level that appears to be manageable, Barclays analysts say.