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Unformatted text preview: which shows the employment status of the
entire United States population. Notice at
the far left of the exhibit the total population, which is then divided into two broad
groups. One group consists of
persons under 16 years of age,
“The study of economics
won’t necessarily keep you in the armed forces, or in a
out of the unemployment mental or correctional facility.
The other group, which consists
line, but at least if
of all others in the total populayou’re there, you’ll
tion, is called the noninstituunderstand why.”
tional adult civilian population.
306 Chapter 11 Measuring Economic Performance comparison. It is like comparing
apples with oranges. To make an
accurate and reasonable comparison, we need to convert the gross
receipts for all movies (no matter
what year the movie was released)
into today’s dollars. When we do,
Titanic falls from the top of the list.
In fact, it falls all the way to sixth
place. The top-grossing movie of all
time in the United States turns out
to be Gone with the Wind, which...
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- Winter '14