Fourth-Quarter GDP Increased from Third Quarter
In late April, the U.S. Commerce Department issued its advance estimates for the first-quarter 2002 growth in GDP (Gross Domestic Product — the output of goods and services produced by labor and property located in the United States). GDP increased at an annual rate of 5.8 percent in the first quarter of 2002, according to advance estimates released by the Bureau of Economic Analysis. In the fourth quarter, GDP incre
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