When calculating trend percentages,all percentages shown are relative to:
A) the current year
B) the base year
C) the immediately preceding year
D) the average index calculated for all the years shown

Question

Quizplus · Accepted Answer

Trend percentages are calculated by comparing the value of a variable (e.g. sales, expenses) in a given year to the same variable in a base year. The base year is usually chosen to be a representative or typical year, and all percentages shown are relative to that year. This allows for easier comparison of changes in the variable over time.

When Calculating Trend Percentages,all Percentages Shown Are Relative To