Question

Write at least four detailed, quantitative sentences that compare and contrast the changes in these line items over this time period.  

State of North Dakota
	budget line items
Year	Higher Education (in millions of dollars)	Transportation (in millions of dollars)	Total Budget (in millions of dollars)
2003	230	385	2496
2014	567	1897	7262
Absolute Change:	337	1512	4766
Relative Change:	146.5	392.7	190.9

Answer 1

Absolute change: It is the simple difference between two individuals.

like the absolute difference in higher education in millions of dollars between the year 2003 to 2014 is,

Absolute change = Xt - Xt-1

= X2003 - X2014

= 567 - 230

= 337

Relative change: The absolute change is the simple difference between two individuals but relative change is the ratio of absolute change with the previous year value to the percent.

The relative change gives the better than the absolute change but absolute change is easy to understand.

like the relative difference in higher education in millions of dollars between the year 2003 to 2014 is,

Relative change =( [ Xt / Xt-1 ] - 1 ) * 100

= ([567 / 230] - 1) * 100

= 146.5

The absolute change of total budget is higher than the other two it is 4766 million dollars.

But from the relative change value budget of transportation highly increased by 392.7 %

i.e. Good changes occurred in the transportation.

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