Real gross domestic product – the output of goods and services produced by labor and property in the U.S. – decreased at an annual rate of 1% in the second quarter of 2009, (that is, from the first quarter to the second quarter), according to the second estimate released by the Bureau of Economic Analysis. Also, profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $67.6 billion in the second quarter, compared with an increase of $59.1 billion in the first quarter.
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