4. Reading Economic Data
GED® Social Studies: Macroeconomics, Government & Economic Data · preview lesson
Economic graphs require careful attention to units, time period, and whether values are nominal or real. A rising GDP line can still hide unequal distribution. A falling unemployment rate does not mean every person has a good job. Good GED® answers stay within the data.
References: U.S. Bureau of Economic Analysis: GDP; U.S. Bureau of Labor Statistics: Consumer Price Index; U.S. Bureau of Labor Statistics: Labor Force Statistics
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