STATE OF BUSINESS: Record Output

BUSINESS

The broadest indicator of the vitality of the U.S. economy is gross national product. Would it reach a spectacular half-trillion dollars ? Word went down from the White House to the statisticians: if it does, the announcement should be made by President Eisenhower himself. At week's end the news was out—and not announced by the President. Government economists reported that the output of goods and services in the first quarter of 1960 reached the record annual rate of $498 billion. Though running at the $500 billion mark by the end of the quarter, it fell just short of the happy...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!