Friday, April 26, 2013

America's getting up there again.

So America's economy has been doing pretty good for the first quarter of the year. Our output expanded at a rate of 2.5% according to a Commerce Department report that was released last Friday. Economists were not that excited by the increase, for they had expected our output to increase at a rate of at least 3% for the first quarter. Economists are stating that the increase in our gross domestic product was due to our very slow increase at the end of 2012 where our output only increased at a rate of .04%. So even though the expansion of our output didn't meet expectations, the fact that it is still going up is still a very good thing to look positive towards.

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