Special Coverage from "Marketplace": The Real Costs
Marketplace
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Evolving Economic Data: From Census to Crisis
This chapter examines the historical trajectory of the U.S. Census and its adaptation amidst economic crises, with a focus on the Great Depression's influence on data collection methods. It highlights significant milestones in economic data gathering, including the establishment of key indicators and the Employment Act of 1946, while addressing the ongoing importance of both government and private data sources. The chapter also discusses the challenges and implications of data quality, emphasizing the necessity of reliable information for informed decision-making in a rapidly changing economic landscape.
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