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 is collected over time to show changes in prices, making it a time series data set.

The US Bureau of Labor Statistics Publishes the Monthly CPI (Consumer