NicknamedtheCityofAngels,LosAngelesisaHYPERLINK"http://en.wikipedia.org/wiki/Global_city"\o"Globalcity"worldcenterofbusiness,internationaltrade,entertainment,culture,media,fashion,science,sports,technology,andeducation.ItishometorenownedinstitutionscoveringabroadrangeofprofessionalandculturalfieldsandisoneofthemostsubstantialeconomicengineswithintheUnitedStates.LosAngeleshasbeenrankedthethirdrichestcityandfifthmostpowerfulandinfluentialcityintheworld.HYPERLINK"http://en.wikipedia.org/wiki/Los_Angeles"\l"cite_note-14#cite_note-14"[15]HYPERLINK"http://en.wikipedia.org/wiki/Los_Angeles"\l"cite_note-15#cite_note-15"[16]TheLosAngelesHYPERLINK"http://en.wikipedia.org/wiki/Combined_statistical_area"\o"Combinedstatisticalarea"combinedstatisticalarea(CSA)hasaHYPERLINK"http://en.wikipedia.org/wiki/Gross_metropolitan_product"\o"Grossmetropolitanproduct"grossmetropolitanproduct(GMP)of$831billion(asof2008),makingittheHYPERLINK"http://en.wikipedia.org/wiki/List_of_cities_by_GDP"\o"ListofcitiesbyGDP"thirdlargesteconomiccenterintheworld,aftertheHYPERLINK"http://en.wikipedia.org/wiki/Greater_Tokyo"\o"GreaterTokyo"GreaterTokyoandHYPERLINK"http://en.wikipedia.org/wiki/New_York_metropolitan_area"\o"NewYorkmetropolitanarea"NewYorkmetropolitanareas.HYPERLINK"http://en.wikipedia.org/wiki/Los_Angeles"\l"cite_note-citymayors.com-16#cite_note-citymayors.com-16"[17]AsthehomebaseofHYPERLINK"http://en.wikipedia.org/wiki/Hollywood"\o"Hollywood"Hollywood,itisalsoknownasthe"EntertainmentCapitaloftheWorld,"leadingtheworldinthecreationoftelevisionandstageproduction,motionpictures,videogames,andrecordedmusic.TheimportanceoftheentertainmentbusinesstothecityhasledmanycelebritiestocallLosAngelesanditssurroundingsuburbshome.Additionally,LosAngeleshostedtheHYPERLINK"http://en.wikipedia.org/wiki/1932_Summer_Olympics"\o"1932SummerOlympics"1932andHYPERLINK"http://en.wikipedia.org/wiki/1984_Summer_Olympics"\o"1984SummerOlympics"1984SummerOlympics.Mainarticle:HYPERLINK"htt