STATE OF BUSINESS: Still Growing

Amid all the talk of a business slump, the Commerce Department had some evidence last week that the economy is still growing. In the first quarter, it reported, the total output of goods and services was at an annual rate of $339.5 billion, up $11.7 billion from the full year 1951 and a new record. In the past, increases in the gross national product have been due in some measure to price rises, but this time, said Commerce, with prices stable, the jump resulted almost entirely from greater output and bigger incomes.

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