The Economy: Milestones to the Future

That seemingly inexhaustible engine, the U.S. economy, last week ticked off yet another record. It completed 80 consecutive months of expansion, equaling the war-fueled record set between 1939 and 1945, and showed no signs of pausing. Later this month, the nation will pass two other important statistical bench marks. At midmonth, the gross national product will top the $800 billion level; the $1 trillion mark is certain to be reached in the early 1970s. And on Nov. 20, at precisely 11 a.m., the Census Bureau's population clock, which records an additional American...

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