Posts Tagged ‘innumeracy’

  • Price of Thanksgiving Dinner

    Problems With Thanksgiving Economics

    Nov 26, 13 • 419 Views • Demand, Supply, and Markets, Economic Humor, Government, Lifestyle, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Something is very wrong with this graph from CNBC:   During 2011, Thanksgiving dinner prices totaled $49.20. In 2012 the number was $49.48. Did the cost of the holiday dinner rise by 28 cents? Or, as CNBC said in its headline, did “Thanksgiving