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Examine the sentence "The global market, valued at approximately $567 million in 2023, ...

Examine the sentence "The global market, valued at approximately $567 million in 2023, is projected to reach $2.2 billion by 2030." The verbal constructions can be analyzed as:


A

"Valued" is past perfect tense; "is projected" is future continuous active voice.


B

"Valued" is past tense active voice; "is projected" is present continuous passive voice.


C

"Valued" is past participle in a reduced relative clause; "is projected" is present tense passive voice.


D

"Valued" is present perfect passive; "is projected" is present tense active voice with modal auxiliary.


E

Both "valued" and "projected" are past participles functioning as adjectives modifying "market."