"Economy Grows Despite High Energy Costs"

[GreenPartyVoter]

WASHINGTON (AP) - The economy clocked in at a chipper 3.4 percent annual growth rate in the second quarter, fresh evidence the country's business climate is healthy despite surging energy costs.

The solid increase in the gross domestic product for the April-to-June quarter, reported by the Commerce Department on Friday, came on the heels of a larger 3.8 percent growth rate in the opening quarter of this year.

GDP measures the value of all goods and services produced within the United States and is considered the broadest barometer of the country's economic standing.

Despite the toll of elevated energy prices, consumers and businesses still managed to boost spending and investment modestly, helping to underpin overall economic growth in the second quarter.

http://apnews1.iwon.com//article/20050729/D8BL2H4O0.html?PG=home&SEC=news

[GreenPartyVoter]

1. Kick, cause I remember the last energy crisis and inflation

[newportdadde]

2. It will probably be revised down in a few months when nobody

remembers anymore.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x4218511

[ProfessorGAC]

3. Uh! The Totalaity Of GDP INCLUDES Energy Prices

Dumbasses. It's not in the CPI for inflation estimation, but it IS part of nominal GDP. So, if energy prices are way up, the GDP will track it. It's called autocorrelation. Man, some economists should just give back their degrees, or the schools should lose their accredidation.
The Professor