Examlex
Which of the following data collection techniques is used in exploratory research studies?
Base Year
A specific year against which economic growth is measured, serving as a comparison point for other years.
CPI
Measuring the average price for a set basket of goods and services consumed by people, from food to healthcare and transportation, the Consumer Price Index employs their weighted average prices for assessment.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often measured by inflation indicators.
Prosperity Phase
A period of economic growth and expansion, marked by high levels of production, employment, and consumer confidence.
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