Distinguish between absolute and relative change. Give an example that illustrates how we calculate a relative n list change. ion 13 tion 14 stion 15 estion 16 estion 17 uestion 18 Absolute change is the actual increase or decrease from a reference value to a new value and relative change is the size of a change in comparison to the reference value Suppose your hourly salary is $20, but then you get a raise to $21.25. Illustrate how to calculate the relative change. O A. The relative change is $21.25 - 820 = $1.25. 520 - $21.25 O B. The relative change is 100% = - 6.25% $20 $20 - $21.25 C. The relative change is - $21.25 - 100% = - 5.88%. D. The relative change is $20 - $21.25 = - $1.25. $21.25 E. The relative change is $20 - 100% = 106.25%. $21.25 - $20 F. The relative change is - $20 - 100% = 6.25%