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Special Coverage from "Marketplace": The Real Costs

Marketplace

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Decoding Economic Data: CPI and Beyond

This chapter explores the analysis of the Consumer Price Index (CPI) report, emphasizing the necessity of understanding data expectations and the challenges posed by declining survey response rates. The discussion highlights the American Time Use Survey, illustrating how it informs on leisure activities and their impact on happiness and economic insights. By intertwining personal anecdotes and broader economic implications, the chapter sheds light on the significant role of economic indicators in daily life and decision-making.

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