January 28, 2011
GDP Growth Accelerates In Q4
The nation's real gross domestic product grew at an annual rate of 3.2 percent in the fourth quarter of 2010, compared with a 2.6 percent growth rate in the third quarter, according to a preliminary estimate by the U.S. Bureau of Economic Analysis.
Among the economy's growth areas were consumer spending, exports and nonresidential fixed investment, which includes structures, equipment and software. The growth number also got a boost from the fact that imports, which are subtracted from GDP, decreased.
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