STATE OF BUSINESS: Up Another Notch

To no one's great surprise, the Commerce Department announced last week that during 1955's first quarter, the U.S. gross national product had risen to an annual rate of $370 billion, equaling the old record set in the second quarter of 1953. Now the big question is: How much higher will it rise?

The Federal Reserve Board indicated that it expects gross national production to hit a total of $380 billion by year's end, almost $15 billion higher than the previous peak in 1953, and $23 billion better than 1954.

But the rise is...

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