OCR Text |
Show Economy growth more than reported WASHINGTON-- The nation's economy grew even more than earlier reports during the first three months of this year, reaching an 8.6 percent annual rate, the most for any quarter since 1978, the government reported. The Commerce Department also said that before-tax corporate profits rose 3.8 percent in the January-March quarter rather than 3.7 percent as originally reported. "Real" GNP-the inflation-adjusted total value of the nation's goods and services-rose to a seasonally adjusted annual rate of $2,853 trillion in the first , - quarter, the Commerce Department i reported. |