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 statistic that is calculated by the Bureau of Labor Statistics based on a survey of prices for a basket of goods and services. Therefore, the method of data collection involved in using the Consumer Price Index is published sources.

Tim Was Planning for a Meeting with His Boss to Discuss