The Commerce Department reported that, in the third and final estimate for the fourth quarter of 2010, the U.S. economy grew at a seasonally adjusted annual rate of 3.1 percent, up from the prior estimate of 2.8 percent.The upward revision was due mostly to higher business investment and a smaller inventory build.Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Friday, March 25, 2011
Q4 GDP Growth Revised from 2.8% to 3.1%
The Commerce Department reported that, in the third and final estimate for the fourth quarter of 2010, the U.S. economy grew at a seasonally adjusted annual rate of 3.1 percent, up from the prior estimate of 2.8 percent.The upward revision was due mostly to higher business investment and a smaller inventory build.
Labels:
2010 4th quarter,
real GDP
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