“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 issue explains why there is often a trade-off between these two factors and discusses the importance of data revision.
Keep your students in the know on timely economic issues with the Page One Economics Classroom Edition. The Page One Economics Classroom Edition provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. 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.