The base period is usually a year
A)From which changes in relative prices are computed.
B)From which data were first collected.
C)Used for comparing the data for other years.
D)In which a series of data reaches an extreme (high or low)point.

Question

Quizplus · Accepted Answer

The base period is used for comparing data for other years. It provides a point of reference for making comparisons and analyzing trends over time. Typically, a base period is chosen for its representativeness or for its historical significance, and it is used as a benchmark against which the data for other periods can be measured.

The Base Period Is Usually a Year