Since which year have building permits been on the rise?

Study for the Audit of Construction and Real Estate Industry Test. Review multiple choice and flashcard questions with hints and detailed explanations. Prepare yourself effectively for your exam!

Multiple Choice

Since which year have building permits been on the rise?

Explanation:
Recognize trends in a time-series and pinpoint where an upward movement begins. To answer when building permits have been on the rise, look for the first year in the sequence where the permit count increases compared with the previous year and then keeps increasing in the following years. In the data shown, that turning point happens in the second year of the sequence, after which permits rise each year. That year marks the start of the rising trend, which is why it’s the best choice. Earlier years don’t show a rise, and later years just reflect the continuation after the rise started.

Recognize trends in a time-series and pinpoint where an upward movement begins. To answer when building permits have been on the rise, look for the first year in the sequence where the permit count increases compared with the previous year and then keeps increasing in the following years. In the data shown, that turning point happens in the second year of the sequence, after which permits rise each year. That year marks the start of the rising trend, which is why it’s the best choice. Earlier years don’t show a rise, and later years just reflect the continuation after the rise started.

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