When computing trend percentages:
A)the current year is always equal to 100%.
B)the base year is always the current year.
C)the base year is always equal to 100%.
D)the base year is equal to the current year plus the previous year divided by two.

Question

Quizplus · Accepted Answer

Trend percentages are calculated by expressing the value of a given year as a percentage of the value of the base year. Therefore, the base year is always equal to 100%, as it serves as the reference point for calculating the percentage change in subsequent years. The current year will have a percentage different from 100%, depending on whether its value has increased or decreased compared to the base year.

When Computing Trend Percentages