Which of the Following Would Be the Least Reliable Source

question 8

Multiple Choice

Which of the following would be the least reliable source of secondary data? Data compiled by_______.

• A)the Federal Government
• B)a University Bureau of Business & Economic Research
• C)a major trade association
• D)city's Chamber of Commerce
• E)All of the above are equally reliable.

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Definitions:

Inflation Rate

The swift rise in the average pricing of goods and services, resulting in the erosion of purchasing capabilities.

CPI

The Consumer Price Index represents a method for tracking the average weighted cost of various consumer goods and services, which is utilized to assess inflation levels.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, indicating how prices are rising on average.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used to indicate inflation.