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This “Dewey Defeats Truman”: Be Aware of Data Revisions worksheet also includes:
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Discover the impact and importance of data releases about current economic conditions in the United States. Your class members will learn about data revision and the GDP, and how these figures can alter people's views on the economy.
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Classroom Considerations
- Content may be better suited for an advanced economics class
Pros
- Additional visuals showing revisions to 2005 personal savings rate help to illustrate concept
Cons
- None