How Is the Inflation Rate Calculated

question 31

Multiple Choice

How is the inflation rate calculated?

• A)from a survey of consumer spending
• B)by adding up the price increases of all goods and services
• C)by computing a simple average of the price increase in all goods and services
• D)by determining the percentage increase in the price index from the preceding period

---

Definitions:

Observational Methodology

Research approaches that involve the systematic recording of observable behaviors or phenomena without manipulating the experimental environment.

Qualitative Data

Non-numerical information collected through methods like interviews, observations, and text analysis, which provides in-depth insight into a subject.

Phases of Program Evaluation

Sequential steps involved in assessing the planning, implementation, and effectiveness of program objectives.

Structured Observations

An observational research method where data is collected systematically according to a predefined scheme or protocol.