The Economy Has Improved, despite Claims That People Are Not Actually Experiencing Such Improvement It is often claimed that, although the government says that the economy has improved, the public is not actually experiencing this improvement in their daily lives. However, how should we measure the public's perceptions regarding their daily lives in the first place? Public opinion polls offer clues in this regard.
Chart 4 shows answers to the following question in a public opinion poll: "How would you describe the lifestyle of your household compared to this time last year?" 3  For growth accounting and capital-embodied technological progress, see, for example, David N. Weil, Keizai seichō [Economic Growth], 2nd ed., trans. Hayami Hiroshi and Hayami Hitoshi (Tokyo: Pearson Kirihara K.K., 2010), 183-86, 216-17.