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Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Gross Domestic Product Grows at a Faster Rate

The latest gross domestic product report shows the economy is picking up steam. What's fueling the increase?

| BY Adriana Reyneri

The nation’s gross domestic product – a common measure of economic growth – is increasing at a faster rate, according to a report released today by the Commerce Department.

 The report, which indicates that economic activity is picking up after nearly stalling out in the first half of the year, is welcome news for consumers who fear the nation is falling back into a recession. The gross domestic product grew at an annual rate of 2.5 percent in the third quarter of 2011, the department reported. In the second quarter the GDP grew by 1.3 percent.

 Increased spending by consumers, businesses and the federal government fueled the rise in gross domestic productivity, which reflects the output of goods and services in the U.S. The increases were partly offset by declines in inventory investment and cuts in state and local government spending.