Real gross domestic product, the output of goods and services produced by labor and property located in the U.S., increased at an annual rate of 2.7% in the third quarter of 2012, according to the preliminary estimate released by the Commerce Department Thursday.
Preliminary Q3 GDP Shows 2.7% Growth
NOV 29, 2012 8:30am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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