Selecting a Base Year and Expressing Each Amount as a Percent

question 84

Multiple Choice

Selecting a base year and expressing each amount as a percent of the base year amount is called:

• A)Trend analysis
• B)Horizontal analysis
• C)Vertical analysis
• D)Ratio analysis
• E)None of these

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Definitions:

Great Recession

A significant and widespread economic downturn that occurred globally from late 2007 through 2009, marked by severe declines in economic activity.

George W. Bush

The 43rd President of the United States, who served from 2001 to 2009, known for his response to the 9/11 attacks and initiating the Iraq War.

Barack Obama

The 44th President of the United States, serving two terms from 2009 to 2017, and the first African American to hold the office.

Macropolicy Goals

The primary, broad objectives of economic policy, such as price stability, full employment, and sustainable growth.