Tim was planning for a meeting with his boss to discuss a raise in his annual salary.In preparation,he wanted to use the Consumer Price Index to determine the percentage increase in his real (inflation-adjusted)salary over the last three years.Which of the 4 methods of data collection was involved when he used the Consumer Price Index?
A)Published sources
B)Experimentation
C)Surveying
D)Observation

Question

Quizplus · Accepted Answer

The Consumer Price Index is a published statistical measure that tracks the price of a basket of goods and services over time to measure changes in the cost of living. Therefore, Tim is using published sources to collect data on inflation.

Tim Was Planning for a Meeting with His Boss to Discuss