Facts & Figures, Dec. 1, 1947

Bigger & Bigger. The gross national product in the third quarter of this year rose to a record annual rate of $232 billion up $10 billion since the first quarter. Much of the rise was due to higher prices. The Bureau of Labor Statistics reported that retail food prices jumped 3.6% during the month ending Sept. 15, reaching a new record high (203.5% of the 1935-39 average) for the fourth consecutive month.

No Corporations. After bickering about it for more than a year, members of the New York Stock Exchange voted down a plan to permit partnerships to incorporate. The plan...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!