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Iowa Farm Science

Article Title

Farm Outlook

Abstract

The rise in U.S. economic activity slowed somewhat during the spring and summer after a strong advance during the first quarter of the year. Gross National Product (the value of the nation's out of goods and services) is expected to total at least $735 billion for the year. This would be 8 percent above the 1965 output, valued in current dollars. With a more rapid rise in price level this year, the gain in real GNP will likely be around 5 percent.

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