When No Value Is in the Base Period, No Percent

question 215

True/False

When no value is in the base period, no percent change is computable.

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Definitions:

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a weak federal government and was eventually replaced by the current U.S. Constitution in 1789.

Armed Forces

The combined military forces of a nation, including its army, navy, air force, and other branches, responsible for defense and other state-sanctioned activities.

Continental Congress

The legislative assembly of representatives from the American colonies that convened during the Revolutionary War to coordinate resistance against British rule and ultimately declared independence.

Levy Taxes

The act of imposing or collecting taxes by governmental authority on citizens, income, businesses, goods, and other transactions to fund public services and government spending.