Numbers Please: Economic Data
In this book and in the business media, you will read economic data. Often these data are called economic indicators, because they indicate the level of activity or future activity in some area of the economy. I will explain economic data and indicators as they arise in this book, but first I want to introduce you to some tools that economists use to organize and present data. These tools—various types of tables and charts—portray relationships between data and help you understand the nature and degree of the economic activity that the data represent.
Much of the economic data you will encounter will be presented in tables. To orient you to tables of economic data, we’re going to work with actual ...