To see what is going on, economists often adjust the data to refl ect changes in the
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To see what is going on, economists often "adjust" the data to refl ect changes in the economy. For instance, in the text, we discussed the adjustments in dollar amounts made to correct for infl ation. Another adjustment that is frequently made is to take into account the increase in population. What adjustments might you make in looking at education expenditures? At Social Security expenditures?
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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