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GROSS DOMESTIC PRODUCT: THIRD QUARTER 2008

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 0.5 percent in the third quarter of 2008,
(that is, from the second quarter to the third quarter), according to preliminary estimates released by the
Bureau of Economic Analysis. In the second quarter, real GDP increased 2.8 percent.

 

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