Problem
To see what is going on, economists often "adjust" the data to reflect changes in the economy. For instance, in the text, we discussed the adjust-ments in dollar amounts made to correct for inflation. Another adjustment that is frequently made is to take into account the increase in population. What adjustments might you make in looking at education expenditures? At social security expenditures?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.