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Article: Good news about personal income and the consumer price index throughout the United States and Alaska.(Alaska Trends for December 2005)
- Article from:
- Alaska Business Monthly
- Article date:
- December 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Bureau of Economic Analysis defines personal income as the income received by all persons from all sources; personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars.
In the second quarter of 2004, the personal income in the United States was $9,093,138 billion, compared to $10,225,957 billion in the second quarter 2005. This growth indicates an almost 12.5 percent increase in personal income throughout the United States. Consistent with this growth, personal income in the U.S. increased 1.5 percent over the last quarter reported, first-quarter 2005 to second-quarter 2005, from ...