“Dewey Defeats Truman”: Be Aware of Data Revisions (Page One Economics Classroom Edition)
Classroom Edition (.pdf)
The famous “Dewey Defeats Truman” headline illustrates the importance of timely and accurate data. Agencies that compute economic indicators for the $14 trillion U.S. economy face a tough challenge: providing up-to-the minute results and ensuring the reliability of the data. This Page One newsletter, “‘Dewey Defeats Truman’: Be Aware of Data Revisions”, explains why there is often a trade-off between these two factors and discusses the importance of data revision.
Go to the Page One Economics website.
Keep your students in the know on timely economic issues with the new Page One Economics Newsletter Classroom Edition. The Page One Economics newsletter provides a simple, short overview of a current economic event. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.