Question

Base year is also known as:________________ *
1 point
current year
reference year
periodic year
both (a) and (c)​

Answer 1

Answer:

both (a) and (c)

Explanation:

The year against which the performance of an index is measured. For example, suppose the base year is 2001 and the initial value of an index is 100. If the index is 150 in 2009, it means that the value of the index is 50% higher in 2009 than it was in 2001. It is also called the reference year or periodic year.

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