The Base Year Is the Year

question 104

Multiple Choice

The base year is the year

• A) in which prices are unstable.
• B) in which prices are lowest.
• C) in which prices are highest.
• D) that serves as a reference point or benchmark.
• E) in which nominal output is largest.

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Definitions:

EEOC

The Equal Employment Opportunity Commission is a federal agency that enforces laws against workplace discrimination.

Federal Anti-discrimination Laws

Laws enacted by the federal government to prevent discrimination in various settings, including the workplace, based on race, color, religion, sex, or national origin.

Enforcing

The act of compelling compliance or obedience; ensuring that laws, rules, or orders are followed through appropriate actions or measures.

Social Security Benefits

Payments made from the government to eligible individuals, typically retirees or disabled workers, as part of a social insurance program.