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"Keeping It Real: Teach ACRL Information Literacy Frames with FRED® Data" icon

Keeping It Real: Teach ACRL Information Literacy Frames with FRED® Data

In this activity, students first learn about the concepts of nominal and real values and inflation. Then they learn about basic strategies for establishing the reliability of a data source. Students work in FRED and use the formula real = (nominal/CPI)*100 to plot inflation-adjusted minimum wage rates for two states and compare the results. Students then discuss the new information created as a result of their work....

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Keywords:
Data Literacy, Data
Disciplines:
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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
February 25, 2024
Date Modified in MERLOT:
March 31, 2026
Author:
 
Submitter:
Scott St. Louis
Primary Audience:
Middle School, High School, College General Ed
Technical Format:
PDF, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International

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