Also, China reported a year-over-year Gross Domestic Product growth rate of 7.7% for the first quarter of 2013.
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U.S. durable goods orders fell a whopping 13% in August, while the latest estimate for second-quarter U.S. gross domestic product saw the growth rate shaved by 0.4%, to just 1.3% growth.
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From 2010 on, the target growth rate is gross domestic product plus one percent.
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With mortgage money so readily available, the U.S. housing market took off, rising at roughly twice the rate of gross domestic product (GDP) over the five years to 2007.
The Commerce Department's Bureau of Economic Analysis, the official arbiter of the size of the U.S. economy, reported on Wednesday that real gross domestic product decreased at an annual rate of 6.1% in the first three months of 2009.
It doesn't break out profits by product segment, but its gross margin rate is declining.
America's aspiration should be that the U.S. economy, measured by gross domestic product, grows at a sustainable rate of 4% a year, after inflation.
Over the past ten years its gross domestic product has grown at an annual rate of 6%, putting this economy far ahead of three of the largest European Union economies (Germany, France and Italy).
Meanwhile, local governments, overburdened with infrastructure projects, are raising taxes at three times the rate of increase in gross domestic product, just as exports to Europe are hit by the euro-zone crisis.
The truth is that defense spending at the rate of 4% of gross domestic product (less than that sustained with ease by Singapore) is eminently affordable.
Real gross domestic product (GDP) rose at an annual rate of roughly 2 percent in the second half of 2006 and appears to be expanding at a similar rate early this year.
But it does not justify racking up debt at a rate equal to 10% of gross domestic product.
Gross domestic product grew at a 1.7 percent annual rate in the second quarter, according to the Commerce Department.
Gross domestic product in the Euro zone dropped at the sharpest rate in four years, it was reported Thursday.
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To this end, the economy, as measured by gross domestic product (GDP), grew at an annualized rate of just 1.7% during the second quarter.
The company also expects gross profit rate to decline at a rate similar to that experienced last quarter, owing to investments in new product launches.
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The annual growth rate of the province's gross domestic product is expected to fall to about 10% from 14.5% last year, according to Global Insight Inc.
It came after the Commerce Department reported that US gross domestic product fell at a 0.1% annual rate in the last three months of 2012, after growing at a 3.1% rate in the third quarter.
On Wednesday, the Commerce Department announced that the gross domestic product rose 0.6% in the first quarter, the same rate reported in the previous three months.
Growth in gross domestic product for the first three months of the year declined to an annual rate of 7.7%, compared with 7.9% in the previous three months.
On Wednesday, the Commerce Department announced that the gross domestic product rose 0.6% in the first quarter, the same rate reported in the fourth quarter of 2007.
Over the past five years, Gross Domestic Product in the U.S. has grown at an average annualized rate of almost exactly one percent each quarter, according to Bureau of Economic Analysis data releases.
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The nation's gross domestic product rose during the three months ending in September, growing at an annual rate of 3.9 percent.
The first-quarter advance gross domestic product estimate is seen coming in at a 3.2% annual growth rate, which follows a paltry 0.4% growth rate in the fourth quarter of last year.
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The U.S. third-quarter gross domestic product came in at up 2.7%, which was the strongest growth rate in three years.
And until it does, Scotland could find the cost of funding its share of the UK debt (around 75% if gross domestic product, at the point of independence) could be at a significantly higher borrowing rate than the UK currently faces.
Government data late February showed India's gross domestic product increased just 4.5% in the October-December quarter, about half the rate reported in the fiscal year ended in March 2011.
However, government data Thursday showed gross domestic product expanded just 4.5% in the October-December quarter, about half the rate of growth seen in early 2011, stoking worries that a recovery could take longer than expected.
We estimate that slowing the annual growth rate of health care costs by 1.5 percentage points would increase real gross domestic product (GDP), relative to the no-reform baseline, by over 2 percent in 2020 and nearly 8 percent in 2030.
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Based on the current rate of Federal spending, the national debt will be roughly 108 percent of our gross domestic product at the end of this fiscal year.
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