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Strong numbers and weak perceptions: understanding the "Rodney Dangerfield economy".
Ordinary citizens, politicians, and economists alike regularly ask the question, "How is the economy doing?" With a highly polarized electorate and media to match, it has become harder to get an honest answer. Social educators should understand the complexity of the question--and the subtlety of the answers--as they approach the topic themselves.
The economy is doing quite well by most measures. The Gross Domestic Product (GDP), our best overall indicator of economic activity, has been growing smartly since its last downturn in 2001.
GDP measures the market value of all final goods and services produced in a year's time. According to a widely quoted ...
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