WASHINGTON — 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 3.1% in the third quarter of 2012, according to the final estimate released by the Commerce Department Thursday.

The growth in GDP, the largest since the third quarter of last year, is above the 2.8% increase projected by economists polled by Thomson Reuters and is higher than the revised 2.7% pace reported in the preliminary third quarter estimate released in November.

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