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

264 videos|514 docs|310 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.
264 videos|514 docs|310 tests
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