Posts Tagged ‘statistics’

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    Jobs Questions

    Feb 4, 12 • 104 Views • Businesses, Demand, Supply, and Markets, Labor, Macroeconomic MeasurementNo Comments

    Hearing that the U.S. economy gained 243,000 jobs last month, wouldn’t you think that there were 243,000 more jobs? NY Times financial journalist Floyd Norris explains that actually, the economy LOST 2,689,000 jobs. But, it would be misleading for the...

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    Marriage Data

    Dec 16, 11 • 127 Views • Behavioral Economics, Demand, Supply, and Markets, Economic History, Gender gap, Households, Thinking EconomicallyNo Comments

    When a valid research study with dependable numbers says the marriage age has climbed to historic heights, should we assume its conclusions are valid? Not necessarily. In Economix, Catherine Rampell describes the problem. Her story begins with a Pew Research...

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    Real Statistics

    Jul 31, 11 • 134 Views • Businesses, Developing Economies, International Trade and Finance, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    How high is Mount Everest? No one really knows. China says 29,017 feet, Nepal, 29,028, and the National Geographic Society, 29,035. We don’t even agree about sea level. The U.S. uses the St. Lawrence River in Quebec. But the U.K uses another baseline....