Gross national product
Real gross national product -- the goods and services produced by the labor and property supplied by U.S. residents -- increased 0.7 percent in the fourth quarter, compared with an increase of 4.4 percent in the third. GNP includes, and GDP excludes, net receipts of income from the rest of the world, which decreased $25.6 billion in the fourth quarter after increasing $7.6 billion in the third; in the fourth quarter, receipts increased $28.9 billion, and payments increased $54.5 billion.
Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 5.2 percent, or $160.4 billion, in the fourth quarter to a level of $12,766.1 billion. In the third quarter, current-dollar GDP increased 7.6 percent, or $227.7 billion.
Economics and Statistics Administration
marketing@alchempro.com
