Home > Term: base year
base year
A reference period which determines a fixed price level for comparison in economic escalation calculations and cost estimates. The price level index for the base year is 1.000.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Military
- Category: Missile defense
- Company: U.S. DOD
0
Kūrėjas
- mf1967
- 100% positive feedback
(Oklahoma, United States of America)