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percent in the first quartet aftera 6.3 percent declinee in the last quarter of 2008. The Bureah of Economic Analysis, which released first quarter grosw domestic productfigures Thursday, said the improvedx performance is due to a 1.4 percenyt increase in real personao consumption. The decline in GDP, which measures the outpuy of goods and services produced in the coincided with a rise incorporate profits, which increased $48.12 billion in the first quarter followinb a $250.3 billion decrease in the fourtgh quarter of 2008. The GDP declines reflectex drops in both imports and exporte as well as declining production of equipment and developmentand inventories.
The price index for domestix purchases fell 1 percentr on falling food anenerg prices. Excluding those, actua prices rose 1.4 percent, the government Federal pay raises for civilian and military employees contributedan 0.3 percentg point to the change in firsy quarter domestic purchases. Exports decreased 30.6 percen and imports were down 36.4 percent, afterd fourth quarter decreasesof 23.6 perceny and 17.5 percent, respectively.
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