The base period is the
A)Time period used for comparative analysis.
B)Absence of significant changes in the average price level.
C)Time period when full employment is reached.
D)First year in which inflation figures were calculated.

Question

Quizplus · Accepted Answer

The base period is the time period used for comparative analysis, such as comparing prices, economic indicators, or other data, to determine changes over time. It is not related to the absence of significant changes in the average price level, full employment, or the first year of inflation calculations.

The Base Period Is the