When Computing Trend Percentages

question 85

Multiple Choice

When computing trend percentages:

• A)the base year is generally the earliest year.
• B)the base year is always the latest year.
• C)the base year is always equal to 100%.
• D)both A and C are correct.

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Definitions:

Current Price

The present monetary value at which a good or service can be bought or sold.

Resource

Assets, materials, or inputs utilized in the production of goods and services.

First Year

Refers to the initial year of an activity or entity's existence, often used in the context of a company's operations or a student's academic experience.

Extraction Costs

The expenses associated with the removal of raw materials from the earth or the harvesting of natural resources.