Question

A national report indicated that there were 98,838 Bachelors degrees awarded in the field of education in 2014 and 91,623 education degrees awarded in 2015. Calculate the absolute and relative change in the number degrees earned in the field of education from 2014 to 2015.

Answer 1

Absolute change: -7,215 Education Degrees

Relative change : -7.3%

Explanation:

Absolute And Relative Variation

If a quantity changes from C1 to C2, the absolute variation can be calculated as the subtraction of C2-C1. The relative variation is computed with respect to a reference, which usually is the original value.

We know that there were 98,838 Bachelors degrees awarded in 2014 and 91,623 degrees awarded in 2015. The absoulte change is 91,623 - 98,838 = -7,215

The relative change is -7,215/98,838 = -0.073 = -7.3%