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 source of data, typically provided by government agencies or other organizations that track economic indicators.

Tim Was Planning for a Meeting with His Boss to Discuss