13 October 2010
12 October 2010
Marginal Revolution: Economic Misconceptions
The database Dr Goffe's assembling has a home page here
Read the rest Marginal Revolution: Economic Misconceptions">here
When asked by how much has income per person in the United States changed since 1950 (after adjusting for inflation) the median student said an increase of 25%. Actual rate an increase of about 248%, thus the median student was off by a factor of 10.
Read the rest Marginal Revolution: Economic Misconceptions">here
Subscribe to:
Posts (Atom)