The U.S.Bureau of Labor Statistics publishes the monthly CPI (consumer price index).This index shows the change in prices paid by urban consumers for a market basket of goods and services.These data are
A)Cross-sectional
B)Nominal
C)Categorical
D)Time Series
E)Ordinal

Question

Quizplus · Accepted Answer

The CPI data are a time series because they are collected and reported at regular intervals over time, showing how prices change from one period to the next.

The USBureau of Labor Statistics Publishes the Monthly CPI (Consumer Price