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Monday, May 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Domestic Product Drops 3.8% in 4th Quarter

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 3.8 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis.

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