NEET  >  Biology Class 11  >  Absolute & Relative Growth

Absolute & Relative Growth Video Lecture - Biology Class 11 - NEET

268 videos|544 docs|326 tests

FAQs on Absolute & Relative Growth Video Lecture - Biology Class 11 - NEET

1. What is absolute growth?
Ans. Absolute growth refers to the increase or decrease in a specific quantity over a given period of time. It represents the actual change in value, regardless of any other factors. For example, if a company's revenue was $1 million last year and $1.5 million this year, the absolute growth in revenue would be $500,000.
2. What is relative growth?
Ans. Relative growth, also known as percentage growth or relative change, measures the increase or decrease in a quantity relative to its original value. It is expressed as a percentage and allows for comparisons between different values. For example, if a company's revenue increased from $1 million to $1.5 million, the relative growth would be 50% ($500,000 divided by $1 million).
3. How is absolute growth calculated?
Ans. Absolute growth is calculated by subtracting the initial value from the final value. The formula is as follows: Absolute Growth = Final Value - Initial Value For example, if the initial value is 100 and the final value is 150, the absolute growth would be 50.
4. How is relative growth calculated?
Ans. Relative growth is calculated by dividing the absolute growth by the initial value and multiplying by 100 to express it as a percentage. The formula is as follows: Relative Growth = (Absolute Growth / Initial Value) * 100 For example, if the absolute growth is 50 and the initial value is 100, the relative growth would be 50%.
5. What is the difference between absolute growth and relative growth?
Ans. The main difference between absolute growth and relative growth lies in the way they are measured. Absolute growth represents the actual change in value, while relative growth measures the change as a percentage of the initial value. Absolute growth is dependent on the specific values being compared, whereas relative growth allows for comparisons between different values.
268 videos|544 docs|326 tests
Explore Courses for NEET exam

How to Prepare for NEET

Read our guide to prepare for NEET which is created by Toppers & the best Teachers
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Download free EduRev App
Track your progress, build streaks, highlight & save important lessons and more!
Related Searches

Summary

,

past year papers

,

Objective type Questions

,

practice quizzes

,

study material

,

Absolute & Relative Growth Video Lecture | Biology Class 11 - NEET

,

MCQs

,

Important questions

,

Free

,

shortcuts and tricks

,

video lectures

,

Viva Questions

,

Extra Questions

,

Semester Notes

,

Absolute & Relative Growth Video Lecture | Biology Class 11 - NEET

,

pdf

,

Absolute & Relative Growth Video Lecture | Biology Class 11 - NEET

,

ppt

,

Previous Year Questions with Solutions

,

Exam

,

Sample Paper

,

mock tests for examination

;