Base Period (noun) Definition, Meaning & Examples

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noun
  1. a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time.
noun
  1. a neutral period used as a standard for comparison in constructing an index to express a variable factor: 100 is usually taken as the index number for the variable in the base period
Base Period (noun) Definition, Meaning & Examples

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